Word: oilmen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Dual-Purpose Engines. For Detroit's automakers, the ideal solution would be for oil companies to produce unleaded gasoline at present high-octane ratings. That would require the oilmen to build many new refineries, which would cost their industry about $4 billion, according to the American Petroleum Institute. That cost would be passed on to the consumer in higher gas prices-perhaps 20 per gal.-atop the extra cost of pollution-control devices on the car. By contrast, unleaded gasoline at lower octane ratings can be produced with relatively little changeover or cost by the oil companies, and with...
...Egyptian army camp at Dahshur, barely 21 miles south of Cairo. Then, while thousands of Cairenes rushed to rooftops and windows to see what was going on, the jets wheeled to the north and attacked a second camp just one mile from Maadi, a fashionable suburb of diplomats, foreign oilmen and well-to-do Egyptians. Housewives ducked into basements, and the 300 students at Cairo's American College, three blocks from the besieged camp, were herded to the interior of their building as windows began shattering. For the first time since the 1967 war, antiaircraft fire boomed in central...
Hardly had the fighting ended in Biafra when the world's oilmen hustled in, checking damage to refineries, oil tanks and pipelines and preparing to tap wells that had been blocked off for 30 months. By early next month, drillers expect production to reach 780,000 bbl. a day. That would be enough to 1) supply all the needs of an industrial country the size of The Netherlands and the Union of South Africa combined, and 2) put Nigeria among the world's top ten oil producers...
...fueled the Nigerian civil war. The major fields were in what was Biafra, and on them rested the region's hopes of sustaining an independent economy. When the oilmen refused to pay revenues to the breakaway state, Biafran planes bombed rigs and installations. Biafran troops sabotaged pipelines and murdered an eleven-man Italian exploration crew. Nonetheless, except for one brief period when all of Nigeria's 263 wells were idle, production never dropped below 300,000 bbl. a day -just over one-half the prewar output. The revenue accrued to the government in Lagos, enabling...
Nigeria's oil is particularly in demand for several reasons. It is low in pollution-producing sulfur, some 6,000 miles closer to Europe than Middle Eastern wells, and controlled by a stable government. Oilmen are confident that production will reach 2,000,000 bbl. a day by 1975, enough to give the Nigerian government annual revenues of $1 billion, twice its present budget...