Word: petroleums
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Dates: during 1970-1979
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There is little question of his strong influence with Nixon, for whom he raised sizable sums during the 1968 presidential campaign and with whom he golfs on occasion. When the Department of Justice threatened to block a planned merger of the British Petroleum Co., Ltd. and Standard Oil (Ohio) several months ago, Annenberg helped to persuade the trustbusters to drop their objections. The merger went through, to the delight of a grateful British government. But worries persist. "We know Annenberg can get through to Nixon," said a top-ranking British diplomat. "But can you persuade him to say the right...
...eleven companies that have interests in Nigeria, the best-placed is a combine of Shell-British Petroleum, which in 1967 was producing 500,000 bbl. a day. The company suffered the largest damage, and in 1969 spent $125 million in reconstruction. SAFRAP, the French state oil company, is probably in the shakiest position, since Paris backed the Biafrans with arms and cash. When SAFRAP tried to contribute money for relief, it was rebuffed by the Nigerian government...