Word: petrolier
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1950
Sort By: most recent first
(reverse)
...deal gives Standard a nicely rounded program in Italy. The refineries will buy crude from Standard's Near East fields (thus saving Italy $4,200,000 annually in dollar imports), will sell refined products to SIAP (Standard-Italo Americana Petroli), Standard's Italian marketing subsidiary. Standard would also like to drill for oil in the Po Valley, where government-subsidized explorations have already struck a rich supply of methane gas. But Standard has run afoul of the old Italian law, which gives the government absolute title to all oil and minerals discovered beneath the surface of the earth...
| 1 |