Word: cabinda
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Between 1954 and 1971, Gulf paid Portugal approximately $42.8 million for its oil concession on the province of Cabinda. According to certain observers, Gulf's payments in the fiscal year 1972 may total as much as $30 million as the Cabinda operation reaches a new high in its level of production...
Gulf Oil Corporation, through its subsidiary Cabinda Gulf Oil, is the largest American operation in Portuguese Colonial Africa. (Portuguese Colonial Africa includes Angola, Mozambique, Guinea-Bissau and the Cape Verde Islands.) Gulf's operation in Angola is located on the 10.116 sq. km. Cabinda concession. Exploration in Cabinda was begun by Gulf in 1954. In 1957 Gulf received the concession from Portugal, and in 1968 production began. By the end of 1970, Gulf had invested $150 million in Cabinda and had plans to increase the figure to over $200 million. By 1971, 150,000 barrels were being collected...
Gulf has attempted to shift the emphasis of its involvement in Angola to an emphasis upon what it considers its contributions to the Angolan people. Gulf has stated that "real progress for Angolan people lies in more, rather than fewer jobs." However, Cabinda Gulf Oil Company employs 125 European-born Portuguese, 55 white expatriots, 14 Angolanborn whites and 33 "Negroes" (in Gulf's terminology this includes black Africans and Mestizos.) The African population of Angola is 5 million: the white population...
Gulf has spoken of introducing new skills in drilling, welding, light and heavy machinery, cars, trucks, and boat and barge handling. All these new skills are of course necessary to Gulf's Cabinda operations. Gulf has not discussed housing or pensions: the Portuguese colonialists recognize no right of collective bargaining or right to strike...
...social reforms. The Harvard Corporation has said that they will ask Gulf to be more "socially responsible" in its exploitation of Angolan minerals and people and in its economic, political, and military support of the Portuguese colonialists. The Corporation has thus denied the fact that the presence of Cabinda Gulf Oil is directly opposed to the aspirations of the Angolese, and has shown its intent to work for Gulf's continued involvement, against the wishes of the Angolese and the growing climate of American public censure of Gulf Oil Company...