Word: consortium
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Rising on Risks. Next week Edgar Kaiser will jet from his headquarters in Oakland, Calif., to Venezuela, where Kaiser engineers head a consortium of companies from five nations that is building the $137 million Guri Dam. Meanwhile, Kaiser Aluminum is busy putting up new plants in West Berlin, Turkey and Japan. Kaiser Steel has just closed the largest trade deal in Australia's history: with a local partner, it will sell $600 million worth of iron ore to Japan over the next 15 years. Kaiser Cement & Gypsum this month opened a mill in Florida, and later this year will...
...mountain tunnels, makes 85 river crossings on its own bridges and has special equipment to reduce the tremendous oil pressures that would otherwise build up on its steep declines. In Germany, construction will begin this year on a large petroleum products pipeline between Cologne and Frankfurt, and a German consortium will soon start building a $125 million natural-gas pipeline from the Dutch border to Bavaria. France's third petroleum products pipeline between Le Havre and Paris is nearing completion, and three similar lines are planned between other French cities. Plans are even being made to lay pipelines across...
Inconclusive Results. Last week, despite the hazard of winter storms with hurricane winds, two other rigs also drilled off West Germany for a German-American consortium. More rigs are converging on the area from as far off as Borneo, and shipyards from Belfast to Kiel are turning out drilling platforms to overcome a worldwide short age. All this activity is a result of the mammoth pocket of gas that was discovered in 1959 by Esso and Shell in the coastal Dutch province of Groningen near the German border. Seismic tests have since convinced oilmen that the North Sea may contain...
...meters) already constitute 70% of Europe's gas resources and bulk larger than all of Canada's. Dutch officials estimate privately that the field harbors nearly 2 trillion cubic meters. Groningen gas now reaches some 500,000 Dutch consumers, and early in December the Esso-Shell export consortium and the British Gas Council began jointly studying the feasibility of a $75 million pipeline across the North Sea that would let Dutch wells supply half of Britain's present gas needs. Belgium and Germany have signed up to buy a total of 10 billion cubic meters a year...
...terms, he has stood for fiscal responsibility, a balanced budget and incentives for industry. He is campaigning for a fifth term this week on a platform of lower taxes, lower living costs and better breaks for small businessmen. He has raised Bologna's credit so high that a consortium of banks recently offered the city an $18 million loan. Even his enemies concede that Dozza is both honest and efficient. In fact, the only unorthodox thing about him is that he is a Communist...