Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Barely a week later, Harvard votes to have thePhillips Petroleum Company withdraw from Namibiaand for General Electric to disclose informationon its activities in South Africa...
Albright and her senior State Department colleagues sat down for a full-dress CIA briefing on the Caspian last August. The agency had set up a secret task force to monitor the region's politics and gauge its wealth. Covert CIA officers, some well-trained petroleum engineers, had traveled through southern Russia, Azerbaijan, Kazakhstan and Turkmenistan to sniff out potential oil reserves. When the policymakers heard the agency's report, Albright concluded that working to mold the area's future was "one of the most exciting things that...
Officials in Tehran point out that a pipeline southward through Iran would be the shortest way to go. "This is all ridiculous," says Hossein Kazempour Ardebili, an adviser to the ministers of petroleum and foreign affairs in Tehran, as he draws a map of proposed routes through Russia and Turkey. "We have our hands in the Caspian Sea and our feet in the Persian Gulf, the simplest outlet for this energy...
...Friday Yeltsin named his choice as the new Prime Minister. He is Sergei Kiriyenko, 35, who had been busy filling in at the job for four days. Kiriyenko is a potential reformer, a petroleum expert who held the post of Minister of Fuel and Energy in the old Cabinet. He's a former communist youth leader and oil-company executive from the reform-oriented city of Nizhni Novgorod. He arrived in Moscow last year, along with Boris Nemtsov, who became a First Deputy Prime Minister. Nemtsov, the former mayor of Nizhni Novgorod, is one of Yeltsin's favorites...
What could generate such a turnabout in our petroleum fortunes? The industry has changed fundamentally since previous oil shocks that seemed to portend ever higher prices. Oil is coming into the market from every corner of the globe. Current exploration hot spots include the newly independent nations around the Caspian Sea and offshore West Africa. This diversification acts as an insurance policy against supply disruptions. The growing role of natural gas in the overall energy mix provides a further buffer. Information technology has also allowed the industry to search for oil and make a profit at $15 per bbl., about...