Word: maracaibo
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Dates: during 1950-1959
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...wind-lashed shore of Lake Maracaibo last week, ground was broken for a new, $3,000,000 flour mill. Most of the Venezuelans who watched would have needed only one guess, if they did not know already, at the name of the man responsible for building the mill (jointly with Minneapolis' Pillsbury Co.). He is Eugenio Mendoza Goiticoa, 52, a ranking example of the new, still small and largely unsung breed of Latin American industrialists who believe not only in good profit, but in productive private industry, well-treated, self-respecting labor, and-even more notable-in philanthropy...
...interest in the Iranian consortium, and a 50% interest in Caltex operations in Sumatra and elsewhere. To back them up, Texaco bought Trinidad Oil Co. Ltd. in 1956, last year added Seaboard Oil Co. Now with Superior, it gets big production in Venezuela's rich Maracaibo field, crude-oil reserves of well over 300 million bbl., plus excellent drilling prospects in Texas and Louisiana...
Yankee Dollars. In Maracaibo, Venezuela, Javier Gonzalez' dentist grabbed him on the street, took back the gold teeth Javier had not paid...
...hungry nations of the Western Hemisphere, a new find even remotely like Venezuela's bountiful Lake Maracaibo area would be the joyous national equivalent of breaking the bank at Monte Carlo. Last week, in nine countries within 1,500 miles of Maracaibo, the quest for black gold was on more earnestly than ever before, with U.S. oilmen leading the pack. In rain forests and cane fields, dozens of drilling rigs probed for the telltale "show...
...southern sweep of the big semicircle centered on Maracaibo, Peru was redoubling an oil search in its eastern jungles; Texas Petroleum Co. last week reached the 10,700-ft. level in its third test well on the Marañón River. Peru put particularly heavy hopes on the prospects in the trans-Andean jungle. Only last month the government sadly announced that not a drop of oil had been found in four years of drilling the once-promising Sechura Desert on the Pacific Coast. Though still a producer (from the waning field at Talara), Peru will have to import...