Word: petroleum
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Dates: during 1950-1959
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American Petrofina is expanding at a time when the petroleum industry is in a general slump. Says President Harry Jackson: "A great time-when everybody is down in the doldrums...
...price. Industry-wise, the situation is dreadful, but our situation is good." On a global level, the policy has worked well. Stripped of almost everything but its name after World War II, when the Communists nationalized its Rumanian oilfields, Petrofina swapped its license to refine in France with British Petroleum for a guaranteed supply of crude, revitalized affiliates, merged, swapped and bought outright until it has now expanded into 63 affiliates in 23 countries, selling some...
...hugely enjoys being Adnan the Builder, has developed a technique that is a mixture of bulldozing and infectious persuasion to get what he wants. After he allowed four foreign companies to distribute petroleum products in Turkey, he demanded that they collaborate to build Turkey a refinery. They objected, then gave in; Menderes will get his refinery. Menderes wanted a modern school of architecture in Ankara, got the U.N. to supply the architect. Scarcely had he arrived before Menderes summoned him, instructed him to set up parallel schools of management, civil and mechanical engineering. The architect protested that he knew nothing...
Currently worrying half a dozen Latin American countries are proposals before the U.S. Tariff Commission to raise lead and zinc duties, and congressional talk of new tariffs on copper and petroleum...
...ENTRY in field of solid rocket fuels, Astrodyne, Inc., will be formed as joint subsidiary of North American Aviation, Inc. and Phillips Petroleum Co. Astrodyne hopes to produce fuels to outdo those used in North American's liquid-propelled engines for Atlas, Thor, Jupiter missiles...