Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Arab states are planning to place the issue on the agenda of the conference of nonaligned nations that meets in Havana in early September. What remains a question is the attitude of Saudi Arabia. When the Saudis increased their daily oil production in early July by 1 million bbl., there were hints that they would do so for three to six months. How long this higher output will be sustained could depend on how the Saudis rate U.S. Middle East policy, especially the stand on the Palestinians...
...course, not even in the middle of the Mississippi can a President entirely escape controversy. After he disclosed that he had approved the sale of 1.5 million bbl. of U.S. heating oil to Iran, he got into a shouting match at Quincy, Ill., with critics of the move. Carter said testily: "You want me to tell them not to ship us any more [crude] oil?" As for charges that the President was drifting far from the demands of his job, Press Secretary Jody Powell hotly retorted, "What he has been doing here is the single most important thing he could...
...Carter Administration's decision to sell 1.5 million bbl. of heating oil to Iran on an emergency basis drew some caustic criticism in the U.S., not only because of the coals-to-Newcastle nature of the transaction but because the U.S. itself is expected to be short of heating oil this winter. But the Administration, in defending the sale, pointed out that Iran needed the oil quickly because of sabotage on pipelines near the big Iranian refinery at Abadan. The White House also argued that the sale could have important advantages for the U.S. in paving a new relationship...
...cylindrical vessel until a gas forms above the ashes. Once the gas is cleaned of impurities-yielding valuable chemical byproducts in the process-it is mixed with a catalyst made of iron and other substances. This catalyst transforms the gas into liquid oil. Production costs amount to $17 per bbl. That is well below the OPEC price of around $20 per bbl. and much less than the $31 per bbl. that South Africa would have to pay on the spot market...
...being put up 100 miles from the present plant. The $2.9 billion Sasol II will be environmentally cleaner; precipitators above the boilers will extract chemical fumes and reduce air pollution, and water will be recycled rather than dumped in rivers. In addition, productivity will be higher: 1.78 bbl. of synthetic oil from each ton of coal, vs. 1.26 bbl. at present. As soon as that plant is finished next February, construction will start near by on Sasol III. Once the three plants are in operation, they will save an estimated $400 million a year in foreign exchange and produce about...