Word: limaye
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...economy. With a new "Operation Patagonia" and with massive infusions of foreign capital, President Arturo Frondizi has high hopes of unlocking the treasure house. He has already kicked off Operation Patagonia with a series of projects. One is a $149 million El Chocón hydroelectric project on the Limay River by a 27-firm British-French-Italian combine to provide 650,000 kw. of power, irrigate 250,000 acres of parched croplands. Another is a plan to exploit 200 million tons of 55.6%-grade iron ore found twelve years ago south of the Negro River. The government has also...
...without mountains." Beneath the dry plains rest oil deposits that promise at least the possibility of Argentine self-sufficiency. Already 1,952 wells are pumping, but oilmen say there are major untapped pools underground. Standard Oil Co. (N.J.) has 1,184,000 acres in promising country north of the Limay River, will soon drill its first well, has begun work on a 14-in. pipeline to Bahia Blanca...
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