Word: erde
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Dates: during 1960-1969
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...boom, however, is of little benefit to German companies, because most of the petroleum is supplied and refined by international giants. These companies-Esso, Caltex, British Petroleum, Shell-have also steadily gained control of distribution in Germany until there was only one wholly German-owned company left, Deutsche Erdöl AG. Last week, despite initial objections by the Bonn government, shareholders decided overwhelmingly to sell that lone holdout for about $160 million to Texaco...