Word: cabinda
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Dates: during 1970-1979
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...February 4, the infuriated Portugese retaliated with a random massacre of Africans. By March there was a revolt led by another nationalist organization, the UPA, among the black peasants in the northwest of Angola, and liberation forces took control, of more than one third of the country, including the Cabinda enclave, where Gulf Oil Corporation had been making drilling explorations since...
THERE ARE thirty American corporations now operating in Angola. The largest enterprise is that of the Gulf Oil Corporation, whose Cabinda exploration-disrupted in 1961 by the popular uprising-has paid off very handsomely. In 1966, huge reserves of high quality oil were discovered, and by 1971, production had reached 150,000 barrels per day. Gulf had invested $150 million in exploration, construction and production outlays, and is now considering building a $100 million deep water port to service the oil fields...
...Board members of Gulf Oil are not stupid. They knew from the first that there would be public opposition to their economic links with the Portugese colonialists. They went ahead because, in the words of Cabinda Gulf manager Robert F. Ward, the Cabinda oil strike is "one of the major growth areas of the Corporation." The Cabinda fields are estimated to have reserves of at least 300 million tons, and they will gush at the rate of 150,000 barrels a day for forty years. And given the low labor costs if Portugese rule continues, that will...
...official in the State Department's West African division confirmed yesterday that Gulf's agreement requires the company to finance barracks "if necessary to guard the oil fields." He said that whatever troops and barracks might be in Cabinda "are there to protect the area, not just Gulf...
...added-as did several Harvard authorities on Africa-that there has been little military activity in the Cabinda region. Neither the State Department nor Gulf's public information officer, however, had any comment on the reported $20 million figure for the royalty payments...