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Ceylon Stands On Principle In Oil Aid Fight
In Colombo the clash over oil policy pits Communist and nationalist aims against Western firms Burmah Shell Esso and Caltex. Ceylon created CPC to import cheaper Soviet oil provoking seizures of stations and a halt in U S aid. Debates center on compensation and fair competition amid near 1 3 million grants and 3 million loans at stake.
MENTIONED IN THIS ARTICLE
Colombo
Ceylon
United States
Burmah-Shell
Britain
Jand Esso
Caltex
India
It. B. Sangaratna
Ceylon Pettroleum Corp
CPC
Tsangarlatna
Washington
London
Brazil
Sen
Rourke Hickenlooper
Iowa
Frances Willis
Sirima Bandaranaike