• Short Summary

    EIGHT OIL COMPANIES ARE AT PRESENT SEARCHING FOR OIL ALONG THE MALAGASY COAST - ONE ITALIAN, TWO FRENCH, ONE ISRAELI, AND FOUR AMERICA
    THREE HAVE ALREADY BEGUN DRILLING, ENCOURAGED BY THE NEED TO FIND OIL IN POLITICALLY STABLE AREAS NOW THAT DISPUTES ARE INCREASING IN OTHER PARTS OF THE WORLD BETWEEN OIL PRODUCERS AND CONSUMERS.

  • Description

    EIGHT OIL COMPANIES ARE AT PRESENT SEARCHING FOR OIL ALONG THE MALAGASY COAST - ONE ITALIAN, TWO FRENCH, ONE ISRAELI, AND FOUR AMERICA
    THREE HAVE ALREADY BEGUN DRILLING, ENCOURAGED BY THE NEED TO FIND OIL IN POLITICALLY STABLE AREAS NOW THAT DISPUTES ARE INCREASING IN OTHER PARTS OF THE WORLD BETWEEN OIL PRODUCERS AND CONSUMERS.

    SYNOPSIS: THE MALAGASY REPUBLIC OFF THE EASTERN COAST OF AFRICA IS NOW THE SCENE OF AN INTENSIVE SEARCH FOR OIL BY INTERNATIONAL OIL COMPANIES. THE CLOSING OF THE SUEZ CANAL AND THE DISPUTES BETWEEN OIL PRODUCERS AND CONSUMERS HAVE LENT URGENCY TO THE SEARCH, AND THREE COMPANIES, THE ITALIAN AGIP, THE U.S. CONOCO AND THE FRENCH TOTAL COMPANIES HAVE ALREADY BEGUN DRILLING. SOME OTHER COMPANIES ARE DRILLING ON LAND AS WELL AS AT SEA.

    REPORTS FROM THE AFRICAN COAST PORT OF BEIRA MOZAMBIQUE HIVE INDICATED A STRIKE OF NATURAL GAS 65 KILOMETRES (40 MILES) WEST OF THE MALAGASY COAST BY AGENTS OF THE U.S. FRONTIER OIL COMPANY, WHICH IS OPERATING UNDER A MALAGASY GOVERNMENT SEARCH PERMIT.

    AND A FEW DAYS LATER IT WAS ANNOUNCED THAT THE ITALIAN AGIP OIL COMPANY HAD ALSO FOUND A LARGE POCKET OF NATURAL GAS. THE COMPANY IS AT PRESENT QUALITY AND IMPORTANCE OF ITS FIND. THE ITALIANS HAVE FOUR U.S. COMPANIES AGAINST THEN IN THIS GREAT OIL AND GAS HUNT, AND THERE ARE ALSO TWO FRENCH AND ONE ISRAELI COMPANIES SEARCHING.

  • Tags

  • Data

    Film ID:
    VLVABZMI0HIOT42PE5BH4Z4LVAOVY
    Media URN:
    VLVABZMI0HIOT42PE5BH4Z4LVAOVY
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    31/03/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:46:00
    Time in/Out:
    /
    Canister:
    N/A

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