Word: petroleum
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Dates: during 1960-1969
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...engineering facility, key bridges and the Phuc Yen airfield, where Chinese-supplied MIG-17s are based. In addition to its vast port, Haiphong's potential targets include two power plants, two cement factories, two airfields and three storage areas that hold 70% of the country's POL (petroleum, oil, lubricant) supplies. Also within the envelope: 22 SAM sites, a network of earthen irrigation dikes in the fertile Red River delta, extensive mining operations...
...nothing about a chaotic inflation that has pushed the cost of living 63% higher in the past two years. Illia's one real action-cancellation of the foreign oil contracts-has proved a disaster; Argentina, once virtually self-sufficient in oil, now spends $100 million annually on petroleum imports. What irked Ongania more than anything was the regime's soft line, principally Illia's refusal to send troops to join the OAS in Santo Domingo. Ongania grew angrier still when the President ignored his plan for a series of collective security pacts, starting with Brazil, to fight...
until Sept. 1 to eliminate the sickening stench of burning bones from its chicken-rendering plant. At a Chicago convention, the American Petroleum Institute earmarked $1,800,000 for research on purer air and water next year, on top of $41 million that in dividual oil firms will spend to control pollution...
Whether Continental's discovery, or British Petroleum's two other finds nearby, will be rich enough for commercial exploitation may take months to determine. The Continental announcement was more than enough, however, to trigger a scramble in oil shares on the London stock exchange last week and heat up the race to get down to the sea in rigs. Of the 23 consortiums that Britain has licensed to explore its area of the North Sea, only five (Continental and British Petroleum, plus Shell-Esso, Signal and the Phillips Group) are actually drilling. Holding up the others: the slowness...
...investment and last week earned Cefis the compliments of Italian businessmen for consummating un buonissimo affare. Besides removing one of Esso's competitors and restoring the chain to private enterprise, the deal also gives Esso precious locations that it can utilize in its battle with leading British Petroleum and Shell...