VAST EXPANSION
PETROLEUM PRODUCTS activity in many places p.A. AUCKLAND, Aug. 10 No one in New Zealand or Australia would have to make, any important change in his way of living because ot lack of oil products even though many consumers would have to accep.. smaller quantities than they would like, said Mr E. A. Jones, Australian director of the Vacuum Oil Company. Ltd who arrived at Auckland by air to-day. He said vast expansion programmes for production and refining capacity were progressively contributlng more petroleum products to satisfy the demand. .■ . , The world consumption of petroleum had increased by more tljan 50 per cent since 1938 to the huge annual total of 400.000,000 tons, he said. There were 30 per cent, more refineries working now than beftfrc the war and the oil industry was engaged in a programme which would involve the expenditure in America alone of 4.000.000.000 dollars. Great sums were also being spent in the Middle East and the Netherlands East Indies to increase production and refining capacity.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19480811.2.22
Bibliographic details
Otago Daily Times, Issue 26847, 11 August 1948, Page 4
Word Count
170VAST EXPANSION Otago Daily Times, Issue 26847, 11 August 1948, Page 4
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.