ROUMANIAN OIL

Grey River Argus, 17 January 1940, Page 7

ROUMANIAN OIL

Supply for Germany LIMITED BY VARIOUS FACTORS, [Aust. Cable Assn.] (Received January 16, 9.40 p.m.) BERLIN, January 15. An economist writer, Heinrich , Kroegerbochum, in an article in the “Frankfurter Zeitung” confesses that the Roumanian oilfields which are now operating, will be exhausted in the course of six years, and that only forty million tons of petrol will be He says that British, French and Netherlands companies controlling the bulk of the output, have lowered the standard of production ridiculously, and have increased prices, as an anti-German move. The attitude of the Roumanians iw favouring the pound sterling has already negatived the new GermanRoumanian exchange rate. Germany has always been Roumania’s best, customer, but the foreign companies; financial strength has enabled them to snap up newly discovered wells. These companies are doing their utmost to prevent supplies from reaching Germany. There have been fires, explosions and accidents which have further decreased the production. He remarks that the Western Powers control the system of pipe-lining the oil to the Black Sea for shipment by tankers,, where as Germany’s facilities for oil transport on the Danube River are small, and the conveyance of oil by railway tanks depends on the available rolling stock.