Word: occidentale
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Prospects for the agreement first glimmered at a Houston barbecue four years ago. Deng Xiaoping, Communist Party Vice Chairman of the People's Republic of China, who was making a brief U.S. tour, was introduced to Armand Hammer, 85, chairman of Occidental Petroleum. Brushing aside the interpreter, Deng said...
Two months later, Hammer made his first trip. After several subsequent visits, his travels paid off. Occidental (1982 sales: $18.2 billion) has become the first U.S. company to win oil rights from the Chinese in a round of competitive bidding. By early next year, the Los Angeles-based company and...
The bidding for tracts in the 58,000-sq.-mi. area in the Yellow and South China seas has consumed 18 months and attracted 33 companies, including 16 from the U.S. In May a group headed by British Petroleum won the first contract. The Occidental-led group is expected to...
In winning the contracts for Occidental, Hammer has succeeded in becoming accepted by Premier Zhao Ziyang as "China's old friend." Last year Hammer completed 2½ years of negotiations for a study that may lead to joint development of the world's largest open-pit coal mine...
Falling in love is, in which case you should head right away to the exotic Cafe Algiers on Brattle St. for mint tea, falafel and Arabian music. Whether you sit outside or in, pretend it's wartime Casablanca. For a more Occidental experience, veer to the understated Cafe Pampiona where...