Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...part, Dos Santos, a Soviet-trained petroleum engineer, has shown an increasing inclination to distance his regime from Moscow. The Luanda government, for example, has accepted $100 million in development aid from the European Community. Still, with UNITA extending its influence, the war- weary Angolan army has gradually come under the control of Soviet military technicians. "Dos Santos must move very carefully in dealing with the Soviets," says one foreign diplomat in Luanda. "He does not yet enjoy enough of a power base to keep the Soviets in line -- or to do without them." At the same time, the President...
...potentially more serious inflation threat is a rebound in the cost of oil. Since the members of the Organization of Petroleum Exporting Countries agreed in early August on a new pact to reduce production, oil prices have jumped from $11.55 per bbl. to more than $14. But the OPEC agreement expires on Oct. 31, and it is not at all certain to be renewed...
...public or private loans, investments or extensions of credit and an embargo on the import of South African uranium, coal, textiles, iron and steel, arms, ammunition, military vehicles, agricultural products and Krugerrand gold coins. The legislation would also prohibit the export to South Africa of crude oil, petroleum products, munitions, nuclear-energy equipment and computers, and cut off direct air travel between the two countries...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...
...story is hardly unique in American industry. Either through a surplus of energy or ego -- and very possibly both -- founding entrepreneurs frequently find it hard to turn over the reins of "their" company to a successor. Armand Hammer, chairman and chief executive officer of Occidental Petroleum, still jets around the world at 88, and has outlasted several presumed heirs. After 41 years at the helm of W.R. Grace, the multibillion- dollar chemical producer, J. Peter Grace, 73, has been overseeing a major restructuring of the company and shows no signs of stepping down. Robert W. Woodruff, longtime chairman of Coca...