COMMONWEALTH IS TEMPTING MARKET
American Oil Interests Combining to Operate
PROJECT ONE OP MOST AMBITIOUS [By Electric Cable-Copjright.] [Aust. and N.Z. Cable Association.] (Received Thursday, 9.30 pun.) NEW YORK, Nov. 10. .. The New York Times financial editor says the Union Oil company of California and the Atlantic Refining Company, according to in-, formation received in the financial district to-day plan the formation of a joint company to enter the Australian and Par Eastern markets. Tho former concern has been operating in Australia for some time but only to a limited extent, while tho present plans call for one of the most ambitious projects of tho kind undertaken by American oil interests for some years with the construction in Australia and possibly the Ear East of refineries, service stations and distributing depots. It is expected that soon after January Ist a tanker service from tho Pacific Coast to Australia will bo started.
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Bibliographic details
Manawatu Times, Volume LII, Issue 6454, 11 November 1927, Page 8
Word Count
151COMMONWEALTH IS TEMPTING MARKET Manawatu Times, Volume LII, Issue 6454, 11 November 1927, Page 8
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