Word: petrovic
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Late last month, the Center for Astrophysics hosted a delegation of high-ranking Russian astrophysicists, including B.N. Petrov, head of the Soviet space program and all joint US-USSR space missions. The Russians had just come from talks in Washington with the national Aeronautics and Space Administration (NASA...
...ceremony marked the takeover by a new state-owned holding company, Petroleós de Venezuela (Petrovén) of the nation's oil industry, which in 1974 accounted for 50% of Venezuela's gross national product, 86% of its revenues and 97% of its exports. During the debates that led up to nationalization, the government shunned emotional rhetoric and consistently rejected far-left demands that it eject 21 foreign oil companies without compensation. For their part, the companies, headed by Exxon, accepted with only minimal grumbling a shade over $1 billion-10% of it in cash...
Joint Ventures. Aside from the replacement of foreign directors by Venezuelans, the most conspicuous immediate changes in the way the oil industry operates in the country will be changes in the names of the companies now under Petrovén. Creole Petroleum will become Lagoven; the former Shell subsidiary will be known as Maraven. One cautious provision in the nationalization law even permits Petrovén to undertake joint ventures with private foreign companies in any petroleum-related field, such as shipping or exploration...
...even greater challenge may be finding efficient management. Although the government has placed its new oil monopoly in the hands of experienced businessmen and oil experts-most of them Venezuelans-planners estimate that in the next five years Petrovén will need to hire more than 3,000 trained professionals to run its wells and refineries. Venezuela's universities will be hard put to produce that many...
...Russian clubs are going to be anything but pushovers. The Central Army team, a perennial power in Soviet hockey, will play with an attack line that may be the most potent in the world: Left Wing Valeri Kharlamov, a deft puck handler; Center Vladimir Petrov, a tireless speedster; and Right Wing Boris Mikhailov, a veteran considered by many to be "the soul of the team." Behind them in goal will be Vladislav Tretiak, nemesis of Team Canada in 1972. The other team, the Soviet Wings, beefed up for the games with extra players, will be led by Alexander Yakushev...