Word: petroleum
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Dates: during 1960-1969
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...convicted guerrilla. The other seven were top men in the bloody Puerto Cabello and Carúpano military revolts last year. While this was going on, the F.A.L.N., whose members may number less than 400, burned a Du Pont warehouse and a clothing store, blasted its sixth Creole Petroleum Corp. pipe line in nine months, and murdered still another Caracas policeman-their forty-ninth of the year...
...Lumumba metal-processing plant. A raiding party scrambled ashore, took careful aim, and laid down a barrage of bazooka shells. When militiamen returned fire, the raiders made an orderly retreat, covered by machine guns. But they left their mark: gaping holes in the plant's sulphuric-acid and petroleum tanks...
...been there." But under these simmering sands American geologists discovered a sea of oil, and the company that tapped it-the Arabian American Oil Co.-has become one of the world's two largest single oil producers. (The other: Kuwait Oil Co., jointly owned by Gulf and British Petroleum...
Robert M. Garrels, professor of Geology, and Frank H. Westheimer, Morris Loeb Professor of Chemistry, have received $50,000 unrestricted grants from the Petroleum Research Fund, which is administered by the American Chemical Society...
...bought 15% of California's Union Oil, a $468 million-a-year giant that has oil, gas and petrochemical holdings from Louisiana to Australia and owns 33% of Maruzen Oil Co., Japan's third largest refiner and marketer. Ludwig bought the stock from Phillips Petroleum, which had been blocked by U.S. trustbusters from absorbing Union Oil but happily gained a $46 million pretax profit on the sale. The deal makes Ludwig the largest single stockholder in Union Oil, and though he denies any immediate aim to ship its oil in his tankers, envious competitors note that...