China Eyes Higher Oil Exports to Finance Growth
Tokyo reports that China may begin expanding oil exports to fund its industrial drive. Experts cite reserves around 70 billion barrels with offshore potential, while pricing and port limits challenge export growth. Japan, a key buyer, seeks diversified sources and negotiates a long-term deal expected by next spring.
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Tokyo
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Saudi Arabia
Peking
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Alaska pipeline inches toward completion over 800 miles
The 6.4 billion Alaska pipeline runs from Prudhoe Bay to Valdez and is 40 percent finished with mid 1977 oil shipments expected at 1.2 million barrels a day. The project boosts Alaska jobs and deposits yet worsens housing and living costs, while environmental concerns prompted structural concessions. Carbon dating of wood near Kiev suggests an organized state in the Soviet Union centuries earlier than thought.
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Anchorage
C.W. Baer
Fairbanks Chamber of Commerce
Kiev
Soviet Union
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