Word: mobilizations
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...Waddenzee group, half the rooms in the tiny Hofker Hotel are occupied by NAM, half by Caltex. After dinner, each side glares at the other in the lobby; at night, the prospectors push their beds across their doors to guard maps and working papers. After technicians from Socony Mobil Oil checked into the adjacent Hotel De Jong, scouts from Caltex and NAM began to frequent the De Jong bar, hoping to pick up valuable slips of the tongue. Last week British Petroleum and a party of French seismologists also landed...
...recent spectacular coup in the Congo, Boldrini shut out four bitter competitors-Texaco, Mobil, Shell and Belgium's Petrofina. E.N.I. landed a $13 million contract to build the only refinery in the Congo, and the four rivals will have to buy from it to supply their gas stations. Their severe protests have so irritated the Congo government that Prime Minister Cyrille Adoula last week threatened to expel two complaining Shell and Petrofina executives...
...rivers that feed the Tigris and Euphrates, those watering founts of ancient civilization. Going up on the Black Sea coast at Eregli is a $235 million, government-subsidized iron and steel complex that will be stoked by coal from nearby deposits. A consortium of Royal Dutch/Shell, British Petroleum and Mobil Oil built a $56 million refinery that started cracking at Mersin on the southern coast last year. Recently Goodrich, U.S. Rubber and Italy's Pirelli set up plants in Turkey, and Chrysler will soon begin to assemble trucks. German businessmen opened a mushroom cannery and French entrepreneurs, discovering that...
Gasoline and fertilizer seem an unlikely combination, but this year half a dozen U.S. oil companies have linked with fertilizer manufacturers, or started to do so. Among the major deals: Kerr-McGee merged with Baugh Chemical, Cities Service picked up Tennessee Corp., Socony Mobil has bid for Virginia-Carolina Chemical. Last week Pittsburgh's Gulf Oil, whose sales of $2.8 billion in 1963 made it the nation's eighth largest company, announced one of the biggest deals...
...doing better and better. On last year's sales of $1 billion, Aramco made a princely profit of $762 million. That was split fifty-fifty between the Saudi government and Aramco's four U.S. parents: California Standard, which owns 30%, Jersey Standard (30%), Texaco (30%) and Socony Mobil...