Word: caltex
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Dates: during 1960-1969
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...hundred missionaries still operate, mostly in remoter Borneo and West Irian, and there are about 800 employees (and their families) of Stanvac, Caltex and the American rubber companies. But the rubber companies were expropriated in February, and Sukarno is expected to give in to the demands of his own nationalist party, the P.N.I., and the powerful P.K.I., world's third largest Communist Party, for complete takeover of the oil companies, last remaining major American investments in Indonesia, by the end of the year...
...still in Djakarta, even the envoy's residence has been raided. The only other official U.S. presence is a handful of Peace Corpsmen, largely gym instructors. Sukarno has already taken over nominal management-first step toward probable confiscation-of American rubber interests, as well as the Stanvac and Caltex oil companies...
Meanwhile, the leftward lurch continues. The island's new chief source of oil is the Soviet bloc, following the seizure of three U.S. and British firms (Esso, Caltex, Burmah-Shell) and the creation of a government oil combine. The Western companies have not been paid a cent for their properties worth $29.5 million; as a result, the U.S. has canceled further economic aid to Ceylon after doling out a yearly average of $7.5 million over the last decade...
...comic aspects. On Ameland Island in the Waddenzee group, half the rooms in the tiny Hofker Hotel are occupied by NAM, half by Caltex. After dinner, each side glares at the other in the lobby; at night, the prospectors push their beds across their doors to guard maps and working papers. After technicians from Socony Mobil Oil checked into the adjacent Hotel De Jong, scouts from Caltex and NAM began to frequent the De Jong bar, hoping to pick up valuable slips of the tongue. Last week British Petroleum and a party of French seismologists also landed...
...barges. Unlike New York's spread-out and orderly waterfront, its 17-mile river route to the North Sea is a forest of cranes, derricks and masts through which ships of all sizes confidently move in every direction. Along its banks are such big oil refiners as Shell, Caltex, Esso, Mobil and British Petroleum, which have made Rotterdam one of the world's main oil-refining centers. The port boasts the Verolme shipyards, one of Europe's biggest, the headquarters of the Holland-America Line, the world's biggest artificial harbor, and a growing chemical...