Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last July, Alex Goldfarb appealed to Armand Hammer, 88, chairman of Occidental Petroleum Corp. and a friend of Soviet leaders for some 60 years, for help. Last week, when Hammer was in the Soviet Union, he met Anatoly Dobrynin, the former Soviet Ambassador to the U.S. "I'd like to take Mr. Goldfarb home with me tomorrow," said Hammer. Replied Dobrynin: "That's impossible." Said Hammer: "Anatoly, I'm accustomed to doing the impossible." Later, Dobrynin telephoned Hammer to say, "Permission granted." Hammer rushed to tell Goldfarb, who was in a hospital with multiple ailments, including failing eyesight, diabetes...
...miles, the Soviets protested but nevertheless became the first major nation to recognize the new limits. In return, Iceland expanded its trade with Moscow and now provides the Soviets with about one-fifth of their frozen fish and 80% of their salted herring. The island buys 90% of its petroleum supplies from the Soviet Union...
Many Americans mistakenly believe that the Arm & Hammer line of baking soda, detergents and deodorizers is owned by Industrialist Armand Hammer, 88. Irked by the common confusion, the high-profile chairman of Occidental Petroleum reportedly tried a few years ago to buy the label from its owner, Church & Dwight of Princeton, N.J. But now Hammer is at least a minority Arm & Hammer proprietor, after Occidental gained a slice of ownership in Church & Dwight by a new joint venture. Under the scheme, Church & Dwight received a 50% share in a potassium-carbonate plant owned by Occidental in Muscle Shoals...
...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...