Word: tankers
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...Aviation official at Palm Beach International Airport. The short, gray-haired man in the blue sports outfit had just stepped off a silver-gray and blue Olympic Airways Learjet, which had stopped for refueling on a flight from Acapulco, Mexico, to New York. But it seems that Greek Oil Tanker Tycoon Aristotle Onassis, 67, had failed at a simple piece of domestic scheduling: his Shell Oil credit card was out of date, and Ari had no charge account with Butler. So while he coped with the necessary paper work to have his card renewed, Wife Jacqueline ordered up bacon, lettuce...
...Economist, an authoritative British magazine, reports that tanker loadings at Persian Gulf oil terminals in late November and early December rose 23% to 43% over a year earlier. The period may have been too short to be statistically meaningful, but the Economist nevertheless concludes that "the Arabs may not have cut production by anything like the amount that they...
...Trinidad and St. Croix refineries. Borco officials say that they are using more crude from Nigeria, Iran and the U.S. They adamantly deny that they are still getting ample supplies from Libya, officially a full participant in the boycott. Yet a check with brokers who manage Borco's tanker operations indicates otherwise...
...Libya before that country joined the embargo Oct. 19 would have completed the two-to three-week journey to the Borco refinery at Freeport by early November. Yet records at Marbrok Marine Brokers in Freeport show that between Nov. 1 and Nov. 29, no fewer than 13 tankers out of the Libyan port of Ras Lanuf discharged crude at Borco. As recently as Dec. 8, the tanker Heythrop out of Ras Lanuf unloaded 513,135 bbl. of crude at the Borco refinery, according to Robert Bunford, executive vice president of E.H. Mundy & Co. Ltd., another Freeport marine broker, which arranged...
...companies can easily shift the destinations-as well as the source-of thousands of barrels of crude in minutes by a few calls to tanker captains. In 1951, when Iran's Premier Mohammed Mossadegh nationalized that country's wells, the multinationals overnight dropped Iran's share of the world market from 6% to zero...