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Nationalization in Ceylon halts US aid and reshapes oil control
In Colombo, Ceylon nationalizes petroleum retailing by granting CPC exclusive sale rights, seizing 178 service stations and 88 kerosene outlets from Burmah Shell Esso and Caltex as the US suspends aid over uncompensated nationalizations. The move widens tensions with the United States and Britain while oil firms resist.
MENTIONED IN THIS ARTICLE
United States
Ceylon
Burmah-Shell
Britain
Esso
Caltex
India
Soviet Union
T.B. Tlangaratna
Ceylon Petroleum Corp
CPC
Washington
London
Ceyjon
CPS
Brazil
Rourke Hickenlooper
U.S
Frances Willis
Sirima Bandaranaike
Miss Willis
Tlangaratna
Burmah Shell