Word: fluor
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Dates: during 1970-1979
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However, PepsiCo is still shipping concentrate to its Iranian bottlers, and Continental Telephone is proceeding with building a phone cable network for Tehran. One of the largest projects had been the joint venture between California's Fluor Corp. and West Germany's Thyssen to build a $750 million, 200,000 bbl.-a-day oil refinery at Isfahan for the National Iranian Oil Co. The refinery has been a high-priority item for the Iranian government, which fears shortages of kerosene and diesel fuel during the winter. Last week, when the refinery was a month away from partial operation...
South Africa has contracted with Fluor Corp. of Irvine, Calif., to build the two additional, much larger plants...
Says one of them, PepsiCo Chairman Donald Kendall: "Connally's greatest strength is in the Big Business community." Thomas Ellick, a corporate vice president of California's Fluor Corp., who was a special assistant to Governor Ronald Reagan in 1968-71, finds that "I'm just amazed at the breadth of the people who are coming out of the woodwork for John Connally. If anyone is looking for a replacement for John Wayne as the personification of America, this...
...arms sales. But other companies involved in civilian projects have no recourse, except to Iranian courts. For example, Brown & Root, the Texas-based construction company, whose $1.2 billion contract to build a naval base was canceled, has made little progress in persuading the Iranians to settle on termination damages. Fluor had completed 95% of a refinery near Isfahan before the revolution made further work too hazardous and is insisting upon back payments of nearly $100 million before it will finish the project...
South Africa, loaded with coal but shy on oil and boycotted by most of OPEC, leads the world in coal-to-oil technology. Converting coal since the 1950s, South Africa now produces 10% of its oil and gas from coal. The Pretoria government has commissioned Fluor Corp. to build two new plants for $6.7 billion that will produce more than 80,000 bbl. of oil per day by 1983. The process requires 1 ton of coal for 1 bbl. of oil. South Africa keeps cost figures secret, but outside estimates of close to $30 per bbl. make conversion only...