Word: petroleum
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Dates: during 1990-1999
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...owes Russia an estimated $10 billion in foreign-aid loans--money that can't be paid back so long as Iraqi funds are frozen--and Russian companies have some $20 billion in contracts with Iraq ready to kick in if sanctions are lifted. France's Elf Aquitaine and Total Petroleum companies are negotiating similar deals...
...aftershock of the CIA-case conviction hit in Karachi, Pakistan, where four American auditors were shot to death, along with their driver, as they went to work at the local office of Union Texas Petroleum. In morning rush-hour traffic, two gunmen with assault rifles pulled up beside the Americans' station wagon, got out and riddled them with bullets, then drove away. It could have been a replay of the way Kasi killed two people and wounded three as they waited to make the turn into CIA headquarters one morning almost five years ago. A Pakistani group calling itself...
...Amal Kansi was convicted of killing two CIA employees in a 1993 attack outside the agency?s Langley, Virginia headquarters. The Americans killed in today?s ambush were employees of Union Texas Petroleum, which accounts for about 40 percent of Pakistan?s crude oil production...
...first the sheriff's deputies lobbed a tear-gas canister into the house. But Allen was prepared. The former nurse had apparently covered herself with petroleum jelly and a wet towel to prevent the skin irritation that comes with the gas. Then they tried to stun Allen by firing some beanbag-like projectiles at her, but she was ready for that too, having armored herself in several layers of clothing. The gathering crowd of militiamen stand in awe and see her expertise as proof of a survivalist sensibility. Says Glad Hall, president of the Southern Illinois Patriots League...
Petrobras, the world's 17th largest oil company, produces natural gas and petrochemicals as well as fertilizers. It earned $639 million last year. It dominates the market in Brazil, supplying 52% of domestic petroleum requirements. For years, as a state-owned monopoly, it was inefficiently run. But in 1995, a constitutional change liberalized the exploration, production and development of oil. The government was subsequently allowed to sell off more than 30% of Petrobras' common shares. Result: since 1995 the price of Petrobras stock has more than trebled, powered by higher operating cash flows...