Middle East Oil Expected to Surge in U S Imports
AP writer Max B. Skelton reports that U S oil imports near 45 million barrels daily could rise to above 12 million from the Middle East between 1980 and 1985. BP's 1971 review shows Middle East share at 390 000 b/d last year, compared with 345 000 b/d in 1961.
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Houston
Middle East
United States
U.S
British Petroleum
Venezuela
Caribbean Area
Canada
Western Europe
Southeast Asia
West Africa
North Africa
Russia-Eastern Europe
Caribbean
East Indies
Mexico
South America
Africa
Russia
Eastern Europe
Western
Europe
Japan
Britain accuses Soviet of illegal oil deal with Libyan seizure
London charges the Soviet Union violated international law by arranging to buy El Sarir field crude from Arab Gulf Exploration Co., after Libya nationalized British Petroleum assets including the El Sarir concession in a move Britain calls illegal. The note was delivered to Soviet Ambassador Ivan Spolítov at the Foreign Office.
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London
Britain
Soviet Union
Ivan Spolitov
Foreign Office
Libya
el Sarir
British Petroleum
Arab Gulf Exploration Co
Soviet Foreign Trade Corp
Lebanon Won’t Nationalize IPC Installations in Lebanon
Premier Saeb Salam stated Lebanon will not nationalize Western owned Iraq Petroleum Co installations in Lebanese territory. IPC operates an 11.4 million refinery at Tripoli and routes northern Iraqi oil to Mediterranean terminals. Iraq and Syria nationalized IPC assets last week. a Lebanon crossing pipeline remains.
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Beirut
Lebanon
Saeb Salam
Iraq Petroleum Co
IPC
Mediterranean
Tripoli
Salam
Iraq
Syria
Kirkuk
Global oil demand seen rising as 1972 output targets set
The Oil and Gas Journal forecasts world oil demand rebounding in 1972 with output averaging about 51.35 million barrels daily, up 6.5 percent from 1971. Non Communist production could exceed 40 million b/d, led by gains in Canada and North Sea Europe, with OPEC restraint key to reaching the targets.
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Weekly Business Magazine
Free World
Middle East
Canada
The
Journal
United States
Europe
Africa
New Mexico Gasoline Usage Up Strongly in 1971
Peter Hanagan of Santa Fe, executive vice president of the New Mexico Oil & Gas Association, reports New Mexico’s gasoline consumption rose 107 percent from 1970 to 624 million gallons in 1971. Nationwide use reached 96.347 billion gallons, up 4.7 percent. New Mexico collected 41.108 million in gasoline taxes. California, Texas, and New York led the states.
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Santa FE
N.M
New Mexico Oil & Gas Association
New Mexico
Peter Hanagan
Association
Hanagan
California
Texas
New York
Pershing Missiles Planned for White Sands Tests
White Sands Missile Range officials announce two Pershing launches from Green River Utah. The first test is slated for Wednesday and the second for Thursday, with targets set for White Sands Missile Range.
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White Sands Missle Range
N.M
White Sands Missile Range
Green River
Utah
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