Word: oiling
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Dates: during 1950-1959
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...Surrender. As easily as that, the Indonesian government last week regained control of Pakanbaru, the heart of the U.S.-owned Caltex oilfields. The rebel commander, Major Sjamsi Nurdin, and his 800 troops were taken completely by surprise. Even worse, the rebels had cleared the airstrip of oil drums only the day before, to enable trucks to pick up guns and ammunition dropped by a four-engined plane of unidentified nationality...
Earlier in the week, government landing parties had seized control of islands dotting the mouth of the Siak River, and captured the oil terminus of Dumai. On Bengkalis Island a rebel platoon watched interestedly as an army transport steamed leisurely up to the dock like an excursion steamer, tied up, and disgorged a file of government troops who sauntered down the gangplank like tourists. The rebel platoon leader surrendered and everyone sat down...
Hundreds of U.S. and European employees of the oil companies were herded protectively into company compounds, but it was hard to say what they were being protected from. "Mucha música pero poca ópera," said a grizzled engineer, quoting the old Nicaraguan proverb: Lots of noise but little action. Although most of the $125 million worth of oil installations had been prudently shut down several days before the invasion, one U.S. contracting company, disregarding the war, kept right at work on a road and pipeline linking the oilfields with the seacoast. Caltex announced that, with government permission...
...Tunisia, Morocco, Libya, Spain, Italy, Britain and France. It would also include Algeria-as a part of France. Militarily, the proposed pact would be designed to defend North Africa against both Communism and Nasserism. Economically, it would offer its members the right to participate in development of the oil and mineral resources of the Sahara...
Even as Venezuela makes the tricky passage from dictatorship to democracy, pressure mounts in the U.S. Congress for a measure that would deal Venezuela a hard economic blow. U.S. crude-oil import restrictions, now on a voluntary basis that has already pinched Venezuela painfully, may be tightened and made mandatory. Unless all Venezuela understands the facts of the dropping oil market, restrictions may seem like U.S. disapproval of Venezuela's democratic trend...