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Word: esso (lookup in dictionary) (lookup stats)
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...their saints' days. After a few small business deals in Greece taught him how to cut through Athens' labyrinthine bureaucracy, his biggest coup came in 1962, when Standard Oil (N.J.) went into partnership with him. The Greek government sought bids for an oil refinery, but Pappas and Esso beat out Aristotle Onassis and 14 other competitors by proposing a package deal that called for construction of a huge industrial complex, including a steel mill, near Salonika. Pappas knew that almost every developing country yearns for a steel mill, and that the offer of it would titillate Greek pride...

Author: /time Magazine | Title: Entrepreneurs: The Greek for Go-Between | 2/14/1969 | See Source »

...that Baghdad was secretly trying as "spies" 35 more, including 13 Jews, and holding hundreds of others in jail. They include former Premier Abdel Rahman Bazzaz and ex-Defense Minister Major General Abdel Aziz Uqaili. Also among them was an American engineer, Paul Bail, who was on loan from Esso to the Iraq Petroleum Co. Friends said that Iraqi police apparently suspected that an elaborate hi-fi set in his home was actually a radio transmitter. Baghdad later promised to be "tolerant" and said that "he may be released in the next few days...

Author: /time Magazine | Title: World: DEATH, DIPLOMACY AND DIMINISHING PEACE | 2/7/1969 | See Source »

Council, which, as sole purchaser of any gas found under British waters, has been stubbornly holding out for the lowest possible price. The oil consortia, led by Shell and Esso, demanded at least 3.25 cents per therm (the amount of heat generated by 100 cu. ft. of North Sea gas). The Gas Council insisted on paying no more than 2.1 cents per therm, arguing for a price pegged to production costs rather than to the higher market value of the fuel...

Author: /time Magazine | Title: Natural Resources: A Price in the North Sea | 3/22/1968 | See Source »

...companies for several reasons. One is that Phillips' holding is the closest to shore and the expense of pumping gas out of the field and into an expanding British pipeline system will be less than the cost to some other combines. Another is that, unlike Shell, Esso and others, Phillips has no large oil market in the United Kingdom and thus does not have to worry about upsetting domestic prices for its other fuels by pumping in cheap natural gas. Listening to the angry outbursts from other oilmen, Phillips U.K. Managing Director Paul Tucker explained: "If somebody else...

Author: /time Magazine | Title: Natural Resources: A Price in the North Sea | 3/22/1968 | See Source »

...Ivory Coast's lush green countryside, agricultural production has jumped 50%, making the country the world's third largest producer of coffee, fourth largest of cocoa and fifth largest of pineapple. At the same time, the rate of new local and foreign business investment (Renault, Esso, Unilever) has more than doubled to $100 million yearly. Last week businessmen and government officials from a dozen African countries rounded off a ten-day technical exposition sponsored by France, which picked the sophisticated capital of Abidjan for its first such show in Black Africa...

Author: /time Magazine | Title: Ivory Coast: Oasis in a Desert | 3/8/1968 | See Source »

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