Word: petroleum
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Dates: during 1990-1999
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COLOMBIA. The Cusiana field yielded nothing more than a pair of dry holes before the Triton Energy Corp. of Dallas staked a claim in the mid-'80s. Because Triton lacked the capital to explore the area, it sold an 80% share to British Petroleum, which took in France's Total as an equal partner. Today the consortium is part of a joint venture with the state oil company, Ecopetrol, which is developing an estimated 2 billion bbl. in Cusiana and the neighboring Cupiagua field. That could be just the beginning: the partners' plan to invest $6 billion over the next...
...sanction that would most undercut the Kim regime is also the most provocative: an oil embargo. North Korea imports almost 75% of its petroleum products from China. If oil were cut off, the army would stop running. But China frowns on sanctions of any sort, and would hardly agree to halt the petroleum flow. Even if Beijing ordered a cutoff, Chinese businessmen along the long border are doing such a profitable business with North Korea that they might be inclined to ignore the embargo order...
...sure if the Northern army has a strategic reserve of petroleum and diesel oil that exempts troops from the severe fuel shortage crippling the rest of the country. Nationwide food shortages and lack of spare parts may cut into the military's muscle. Nor does anyone know whether the North has the means to coordinate a major attack. Its communication systems are primitive, yet the military routinely conducts command-and-control training for large- scale operations...
...Nations fuel embargo against Haiti. Last Wednesday morning, Swing finally saw for himself. About an hour's drive from his elegant residence above Port-au-Prince, he stepped out of his armored car and trained his binoculars on a flotilla of wooden boats laden with large blue drums of petroleum. "It looks like a staging area for some of the contraband coming across," said the ambassador, an observation that has long been obvious to Haitians...
...have Americans been wholly absent. According to Western diplomats and business travelers, agents of Occidental Petroleum, Chevron, Boeing, General Motors and others have been spotted in the first-class hotels of Baghdad and Amman, Jordan, where many of the meetings with Iraqi trade officials take place. State Department officials say they have investigated these claims and found no sign of wrongdoing by U.S. companies, who are "officially discouraged" from making such contacts. Says a State Department official: "The Iraqis are engaged in a constant effort to get companies to deal with them quickly. They want them to believe the train...