Word: texaco
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...said Texaco set a 25,000-gallon limit on gasoline sales to the city for November without informing Cambridge officials. The new figure is 8 per cent less than the city's October supply, Corcoran said...
City Manager John H. Corcoran said the situation already is "critical" because of a new "quota system" for gas allocation initiated last month by Texaco Inc., the city's gasoline supplier...
Over the years Socal was joined by three other oil giants?Exxon, Texaco and Mobil?to form the Arabian American Oil Co. (Aramco). Western-owned oil companies in the Middle East were able to drive one-sided bargains with the weak, quarreling and often ignorant Arab regimes. The corporations controlled exploration, production, shipping and marketing, and paid the governments as little as they could...
...interest in all foreign-owned oil operations and pay the companies what they had actually invested, less depreciation. The companies were given until the end of September to agree, or risk 100% nationalization. Such big firms as Exxon and Mobil refused, and are seeking much larger compensation. Texaco and California Standard, which operate a joint venture called American Overseas Petroleum Ltd. (Amoseas), went further and stopped exporting crude from Libya for a time when port authorities insisted that invoices declare that the oil is 51% owned by the government...
...Texaco and California Standard hope to press Gaddafi into making a deal that they feel they can live with...