Word: breaux
(lookup in dictionary)
(lookup stats)
Dates: during 1962-1962
Sort By: most recent first
(reverse)
...American concern, the Breaux Bridge Oil Refining Co., recently learned what an Alliance for Progress amounts to in Guatemala. Organized by a Houston group with the backing of Shell interests, Breaux Bridge received a concession in 1958 to set up a $5,000,000 refinery-Central America's first-on Guatemala's Caribbean coast. Not long after construction began, Ydigoras personally issued an order that, in effect, forbade all Guatemalan consulates abroad to approve any shipping documents for Breaux. Breaux appealed to the Supreme Court, a tribunal capable of independence, and won an injunction. When the company began...
Chance to Escape. Breaux officials were offered a way out of their troubles. Last May, company representatives claim, one of Ydigoras' relatives dropped into Breaux Bridge's Houston offices and asked for $1,000,000. "Otherwise," he is quoted as saying, "Breaux Bridge will never be able to operate." The firm refused. Last December port authorities announced they had a presidential order to stop pipeline construction. Company officials say they were offered another chance to escape trouble. This time the emissary was a high official in the government. His price, according to Breaux officers: $350,000, "or your...
...says a Breaux official, "our plant is finished, our pipeline is laid. We intend to begin importing crude-knowing full well that it probably will be stopped at the port...