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Amarillo Daily News in Amarillo, Texas

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Amarillo Daily News

Location

Amarillo, Texas, United States of America

Date

Jun 08, 1972

Page

11

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.

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.

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.

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.

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.

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.

White Sands Missle Range N.M White Sands Missile Range Green River Utah

Also Mentioned on This Page

Max B. Skelton Iraq Petroleum Moscow Communist Party Pravda Murtad Abdulbaki Kremlin Alexei N. Kosygin Abulbaki L.R. Wynne Amarillo Security Control, Inc Amarillo Amarillo Blvd Howard White Val LEE Sk Mit Laytex Ryurser Playtex R.alc. Trio Guage Kit Marvel Owarid ICE Allison Mann TSU FIM Acme Boat Tulsa Oil and Gas Journal Organization of Petroleum Exporting Countries OPEC Saudi Arabia Iran White Sands
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