Word: stanvac
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Dates: during 1954-1954
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...which supplies 70% of the northern market, frankly hoped that business would return to normal after a while. Said a spokesman: "We will try to continue our operations in the north." But the two U.S. oil companies in Indo-China, Standard-Vacuum and Cal-tex, were not so hopeful. Stanvac closed down completely in Hanoi, was only doing a small business in Haiphong. Caltex took out everything movable. Said one veteran Caltex man: "Our experience in China, where we lost five huge refineries, taught us that there is no possibility of coexistence with Communists...