Word: petroleum
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Dates: during 1960-1969
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...December, the 550-mile oil pipeline stretching from Kirkuk, Iraq, across 305 miles of Syria to the Mediterranean ports of Baniyas and Tripoli went as dry as the arid land through which it snakes. The reason: in a dispute with Western-owned, London-based Iraq Petroleum Co.* over transit and terminal fees, socialist Syria squelched the flow...
...Shared by British Petroleum, Compagnie Française des Petroles, Royal Dutch/Shell, Mobil Oil, Standard Oil (New Jersey) and the Gulbenkian family of Europe...
Bethell talks like a publications pro and he is. He came to the Alumni Bulletin this fall after eleven years at McGraw Hill where he was senior editor of National Petroleum News. The bi-weekly Bulletin is virtually a one-man show, a haven for someone like Bethell who exults in "running a magazine the way I want...
...mark the occasion, the desert monarch was handed a $5,000 gold key by Texas' Nelson Bunker Hunt, 40, second son of H. L. Hunt and half owner of the oil company that made the Marsa Hariga facilities possible. The other 50% interest is held by British Petroleum Co., and the firm is named - logically, if not lyrically- BP Bunker Hunt...
Long on nerve if sometimes short of cash, Italy's state-owned petroleum combine, ENI (for Ente Nazionale Idrocarburi), elbowed its way into the international petroleum business by adventurous gambles. Buying huge shipments of Soviet oil, it also offered cut-rate competition to Western oil majors for drilling and refining rights in Africa, Asia. Just over a year ago, ENI created a subsidiary, Snam Progetti,* to build refineries, pipelines and petrochemical plants-even for rivals. Quickly catching on, Progetti is now busy with $360 million of construction projects on four continents. Last week the yearling firm opened...