Word: caltex
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Dates: during 1940-1949
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...rest of the U.S. business colony watched the Gould case with morbid fascination. For the first two months under the new "People's Government," one firm after another-Standard Oil, the Shanghai Telephone Co., China Electric, Caltex and even the U.S. consulate-had been subjected to similar lock...
...partner in Italy's rig ANIC (Azienda Nazalonale Idrogena-zione Combustibili), by putting up $6,000,000. It will get a 50% interest in a new company which will modernize and operate two ANIC refineries, with a combined daily capacity of 16,000 barrels, at Leghorn and Bari. Caltex Oil Products Ho., joint subsidiary of the Texas Co. and Standard Oil Co. of California, bought an interest in Italy's Petrolea S.A., subsidiary of FIAT. Caltex will build a $15 million plus, 10,000-daily-barrel refinery in the Po Valley. Like Standard's new Italian reineries...
Last week, the news leaked out that Caltex Oil Products Corp., a joint subsidiary of Standard Oil Co. of California and The Texas Co., had made a deal to help build and operate a refinery in Spain, near Cartagena, at a cost of around $18 million. Caltex would put up part of the money, and own 24%. The rest would be 24% owned by Cepsa, the state oil monopoly, and 52% by another state company, Institute Nacional de Industria...
...Caltex has already been supplying about 30% of Spain's oil needs with crude oil shipped from the Persian Gulf wells of its co-subsidiary, the Arabian American Oil Co. With the new plant, Caltex would refine 15,000 to 20,000 barrels daily of Aramco oil at Cartagena...
...State Department disclaimed any knowledge of the deal. It said that, since no U.S. oil exports were involved, Caltex could do as it pleased...