Word: petroleum
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Dates: during 1950-1959
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...Phillips Petroleum...
...letter of intent from Conorada Petroleum Corp. (Continental Oil Co., Ohio Oil Co., Amerada Petroleum Corp.) to invest $100 million in much the same way as Pan American...
Frondizi first outlined the present gloomy situation, in which Y.P.F., the government oil monopoly, produces only 35% of the country's annual needs. Although reserves are estimated at 2.3 billion bbl., Argentina is forced to import about $300 million worth of petroleum products a year-a sum roughly equal to the 1957 trade deficit. The President then listed the precedent-shattering development arrangements with foreign companies. The main deals...
Around a T-shaped table in the office of Interior Secretary Fred Seaton, 25 representatives of 15 major oil companies met last week to demothball a tool left over from Suez. The oilmen were the backbone of the Foreign Petroleum Supply Committee, whose members formed a special committee to keep Europe's oil flowing in 1956 during the Suez crisis. Present purpose: to keep oil coming in case the fields in Iraq-or any other Arab land-should be suddenly shut down. Said Seaton: "We must be prepared to move, and move quickly...
...flurry of ship sales which in three weeks boosted prices 10-20%, all was calm. Iraq's revolutionary government took pains to assure Western oilmen that it would honor all contracts, would not only maintain oil production but try to increase it. The British-French-American-owned Iraq Petroleum Co. welcomed this feeling of sweet reasonableness, but in common with oilmen everywhere took it with a pinch of salt...