Word: bermeja
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Dates: during 1950-1959
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...good deal for both the country and the company. International keeps a slice of the profits for at least ten years more. Colombia got De Mares, together with its 1,030 wells and its other installations (including the refinery at Barranca Bermeja), without paying a centavo. Also, the Colombian government showed the world's oilmen that it is willing to do business fair & square-a good thing for Colombia, which needs foreign capital and know-how to help get its oil out of the ground...
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