Word: wells
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Dates: during 1970-1979
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...world's largest oil-producing corporation. It is not required to publish financial records because its stock is not publicly traded. But by expert estimates, during the past two years Aramco has paid between $800 million and $900 million annually to its four shareholders, as well as providing them with lucrative tax benefits...
...least to punish them. In fact, Aramco's shareholders have been selling their oil products in the U.S. for prices just a bit below their competitors'. If the discounts had been any bigger, long lines would have formed at Exxon, Mobil and Texaco gasoline stations, as well as at those of Chevron, the retailing outlet for Socal...
...imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum Ltd. brought in a 20,000 bbl.-a-day strike, the biggest ever made in Canada. But huge expenses (Dome's well cost $70 million), heavy ice, storms and temperatures as low as - 60° F are only some of the hazards confronting U.S. development of the Beaufort Sea. An all-too-familiar problem: bureaucratic and environmental barriers are holding up progress...
...pricey ($85 per oz.) fragrance to the U.S. next year. Nahema's debut was one of the biggest barrages in a war of dollars and scents being waged by French perfumers this fall: more than 20 new fragrances are coming out, and most will carry the names of well-known fashion houses, including Balenciaga, Courreges and Balmain...
...annually, or by the Arab countries' refusal to do business with Cairo; before the boycott, those states accounted for only 7% of Egypt's trade. Arab anger remains high; the Egyptians expect that all of their postal, telephone and telex links to other Arab countries, as well as the remaining airline flights, will be severed in March, when Egypt and Israel plan to open embassies in Jerusalem and Cairo. Still, some top Egyptians believe that the boycott will not last long, and may be softening already. In November, says one Sadat aide, the Saudis began sending "signals" that...