Word: petroleum
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...part, Dos Santos, a Soviet-trained petroleum engineer, has shown an increasing inclination to distance his regime from Moscow. The Luanda government, for example, has accepted $100 million in development aid from the European Community. Still, with UNITA extending its influence, the war- weary Angolan army has gradually come under the control of Soviet military technicians. "Dos Santos must move very carefully in dealing with the Soviets," says one foreign diplomat in Luanda. "He does not yet enjoy enough of a power base to keep the Soviets in line -- or to do without them." At the same time, the President...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...
...story is hardly unique in American industry. Either through a surplus of energy or ego -- and very possibly both -- founding entrepreneurs frequently find it hard to turn over the reins of "their" company to a successor. Armand Hammer, chairman and chief executive officer of Occidental Petroleum, still jets around the world at 88, and has outlasted several presumed heirs. After 41 years at the helm of W.R. Grace, the multibillion- dollar chemical producer, J. Peter Grace, 73, has been overseeing a major restructuring of the company and shows no signs of stepping down. Robert W. Woodruff, longtime chairman of Coca...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...