Word: consortium
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Dates: during 1970-1979
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...influx of German capital and technical and managerial know-how on which Russia rests its hopes of bridging its technological gap with the West. U.S. Defense Secretary Melvin Laird may be able to pressure Henry Ford out of building a truck factory in the Soviet Union; but a European consortium headed by the German firm of Daimler-Benz is a highly acceptable alternative...
...state's economic anguish. With his tacit blessing, Alaska Governor Keith Miller clumsily tried to move ahead on the $120 million access road. He first got his legislature to approve a bill that would allow the state to build the road and then be repaid by the pipeline consortium. Not wishing to risk stockholder suits, the consortium turned down the idea. In order to reintroduce his plan. Miller asked the legislature to return to Juneau early this month for a special session. But when the legislators discovered that the Governor had no new alternatives for them to debate, they stayed...
...Shah's current five-year plan calls for $10.8 billion in development spending. Oil, which is the economy's basic fuel, must pay much of the bill. Last year the Shah demanded slightly more than $1 billion in revenues. To meet that goal, the European-American consortium that brings out more than 90% of the nation's oil increased production by 14.8% to well over 1 billion bbl. a year. But with the glut in world markets, the consortium could sell only enough to raise $930 million and had to make up the difference with an advance...
...dangers are well known to the engineers of the Trans-Alaska Pipeline System, a consortium of eight oil companies and their pipeline subsidiaries. Obeying strict stipulations written by the Interior Department and the U.S. Geological Survey, the engineers have ordered corrosion-resistant steel pipe and plan to provide remote-control shut-off valves along the route. In addition, they must respect the ecology of the areas the pipe crosses. However, their plans call for burying 90% of the pipeline in the permafrost, while the Geological Survey wants about 50% of it raised on stilts over the tundra. Until the differences...
...open the natural gas reserves of Siberia, the world's richest. In return, the Soviets will send to West Germany 52 billion cubic meters of gas over 20 years, starting in 1973. To enable the Soviets to pay for the pipe before they deliver the gas, a consortium of 17 West German banks will lend them $328 million at 6.25% interest-practically foreign-aid terms. A West German firm will build a link extending an existing pipeline from the Czechoslovak border town of Cheb into Bavaria...