OIL FROM IRAN
AUSTRALIAN SUPPLIES MATTER BEING CONSIDERED (United Press Association) (By Electric Telegraph—Copyright) LONDON, Mar. 12. Whether Australia, in order to conserve her foreign currency, could buy larger quantities of oil from Anglo-Iranian interests, instead of from the United States and the East Indies, is now being examined by the British and Australian Governments.
The problem is most complex. In the first place there is an acute shortage of tankers. Before the war there was an ample number of tankers to handle the whole world's oil supply, but about 240 of them were owned by Norwegian companies.
These tankers are not readily procurable in wartime, and are the subject of negotiations between Britain and Norwa"
Pressure on the supply of tankers is increased by the fact that all wartime voyages are greatly lengthened by the convoy system and the consequent zigzagging and loss of time.
Costs for tankers have, moreover, greatly increased, for much smaller effective annual employment.
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Bibliographic details
Otago Daily Times, Issue 24254, 23 March 1940, Page 10
Word Count
159OIL FROM IRAN Otago Daily Times, Issue 24254, 23 March 1940, Page 10
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