Word: cepsa
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...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...
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