Word: anglo-iranian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...than seven years. Fed by bigger dividends (up 20% in 1954) and high earnings, London's bull market was fattened up last year by some $900 million worth of new capital pouring into the market v. $500 million in 1953. Among the biggest price gains: British Petroleum (formerly Anglo-Iranian), up 144%; Hawker Siddeley aircraft, up 90.6%; Unilever, up 72%; Rolls-Royce...
OVERSEAS OIL investment will soon get a big boost from Shell Oil Co. and Standard Oil of California. Shell, in association with Anglo-Iranian Oil Co., Ltd., will spend $40 million to build Ceylon's first oil refinery, turn out 1,200,000 tons of gasoline and other products annually. Standard will do the same for Hawaii by building the islands' first major refinery at a cost of $30 million, including facilities to refine 30,000 bbls. of oil daily, enough to take care of most of Hawaii's retail needs...
...large amount of autonomy, allowed two dozen foreign and Italian firms in to hunt for oil under a new Sicilian law. By last week, Gulf Oil Corp. had brought in three promising wells with an average production of 350 tons daily in the Ragusa area (TIME, Jan. 25). The Anglo-Iranian Oil Co. has reported that it, too, has found oil. But when Gulf asked for permission to exploit its find last month, E.N.I, did everything possible to thwart the deal. Mattei started a campaign in Rome and Sicily, got the support of Communists who want no developments that would...
Breeze on the Po. By last week, the issue of how long Gulf and Anglo-Iranian would be able to work their Sicilian finds was still not settled. Gulf has been given permission to exploit its field. But if Sicily's Socialists and Communists win the regional election this May, private oil companies may well be kicked out of Sicily altogether. However, an increasing number of thoughtful Italians are beginning to wonder if Mattel's state socialism will bring Italy its promised treasures. No one thinks that Enrico Mattei, who stands in well with Italy's political...
...ANGLO-IRANIAN OIL Co., Ltd., which lost most of its production capacity in Iran, will celebrate its comeback by a 400% stock dividend to shareholders. The company has made up most of its loss by expansion around the world (TIME, March 9, 1953) ; under the new Iranian agreement, it will also get $70 million in compensation from Iran and another $600 million from the seven other oil companies that are helping to operate the Iranian oil industry...