Word: oiling
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Dates: during 1950-1959
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...only three wells. To meet that short-range goal, the Cabinet last week allocated $6,000,000 to build two 150-mile, 10 in. pipelines from the oilfields at Hassi-Messaoud and Edjeleéé to the rail terminal at Touggourt in the northeast Sahara. From there the oil would travel 338 miles by train to the Mediterranean at Philippeville, Algeria. By 1960 Lemaire hopes to increase production to 70 million bbl. from reserves that are estimated at more than 7 billion bbl. To do it, the Cabinet also okayed his plan to sink 350 more wells. Another major problem...
...51nclair Oil Corp...
...5tandard Oil of California...
...Gulf Oil Corp...
...France, the bill for foreign oil imports is high. With coal, it almost equals her trade deficit. Last week the French Cabinet approved an ambitious plan that it hopes will drastically cut this bill. The plan: a $650 million to $800 million development of oil under the Sahara Desert, which France figures will provide 40% of her oil needs...