Word: occidentale
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This rich fabric of oil concessions began to unravel in the late '60s, when the rise of rabid Arab nationalism coincided with the increasing dependence of Japan and the West on Middle East oil. By 1970 Libya was becoming a major producer, and its low-sulfur oil was selling for...
In any tongue, Blasingame at 41 is now enjoying his greatest success-Oriental or Occidental. His Nankai Hawks of Osaka, a last-place team four years ago, won the first half of the 1973 split season and are assured of a place in the Pacific League's playoff.
The targets are Oasis Oil Co., which is owned by Continental Oil, Marathon Oil, Amerada, Hess and Royal Dutch/Shell; American Overseas Petroleum Ltd., owned by Texaco and Standard of California; and Occidental Petroleum. Negotiations between Oasis and the Libyans over the 50% demand had been proceeding fitfully for months until...
These chemicals would be sold on the open market throughout the world. In addition, the Soviets would get large quantities of superphosphoric acid, produced by Occidental in the U.S., which would be manufactured into phosphate fertilizers sorely needed by the Russian agriculture industry.
With his customary elan, the Russian-speaking Hammer celebrated the deal at a signing ceremony attended by two Soviet industrial ministers and then flew out of Moscow in his private jet without telling even his top aides many of the details. Among them: just how much the agreement is worth...