Word: petroleum
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Dates: during 1960-1969
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...century, wasting forever one of the largest underground reservoirs of natural gas (an estimated 7 trillion cu. ft.) yet tapped by man. To avert this economic tragedy, the field's owners-a combine consisting of two French companies, called COPEFA and OMNIREX, and the U.S.'s Phillips Petroleum Co.-have called in daredevil Texan Paul Adair, 46, president of Houston's Red Adair Oil Well Fires & Blowouts Control...
...result of the arrest and disappearance of several persons"), said Woodward, democracy was looking up in Trujilloland. "A vigorous political opposition acts openly, opposition newspapers circulate, key figures closely associated with the former regime have departed." The U.S. therefore recommended, he said, that sanctions prohibiting the export of petroleum products and trucks to the Dominican Republic be lifted. Remaining economic sanctions would stay in effect pending further progress toward democracy...
...first significant discovery in more than 40 years of exploration for oil and gas in New Zealand, the Kapuni strike was made by a consortium of Royal Dutch/Shell, British Petroleum and New Zealand's Todd Oil Services Ltd. Though unofficial estimates run higher, the consortium itself conservatively places the productive capacity of the Kapuni field at 100 million cu. ft. a day-or enough to generate 40 times as much electricity as is used by New Zealand's largest city, Auckland...
...needs. Unlike many such pleas, Argentina's request was backed by accomplishment. Maneuvering his way past leftist and nationalist road blocks, Frondizi opened the government-monopoly oilfields to private foreign companies; in two years they produced so much oil that Argentina no longer spends $300 million annually on petroleum, even has the beginnings of an exportable surplus. Frondizi is unloading wasteful, government-run enterprises from lumber mills to shipyards, has ordered featherbedders slashed from the government's railways. Foreign currency reserves are up sharply; unemployment is virtually wiped out. At the end of three hours and 20 minutes...
...Petroleum and coal production...