Kuwait to take 60 percent of two Western oil majors
Kuwait says it has reached an accord with Gulf Oil Corp of Pittsburgh and British Petroleum for a 60 percent government takeover. Defense Minister Sheik Saader Abdullah told An Nahar the plan will be introduced to parliament and could pave the way for full nationalization within five years.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Kuwait
Persian Gulf
Sheik Saader Abdullah
An Nahar
Gulf Oil Corp
Pittsburgh
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Gulf
Kuwait Oil Co
Saad
Sheik
Gulf Oil
Interior moves to open Pacific oil areas for bids
The Interior Department began steps to open about 7.7 million acres off California for oil and gas exploration. Companies would identify areas to explore and spots could be bid in 1975, as fuel shortages push actions in aviation and energy policy.
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Interior Department
Pacific
California
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