RUSSIAN OIL
A NEW CONTRACT STANDARD COMPANY’S PURCHASES Received Nov. 22, 7.40 p.m. (A. & N.Z.) NEW YORK, Nov. 21. Despite the protest of the Royal Dutch Shell Group the Standard Oil Company of New York has entered into a new contract for the purchase of a large quantity of Russian oil products to supply its markets in the Near East. The contract calls for the delivery of a minimum of 360,000 tons of oil over a period of six years, and is the third agreement which the Standard Company has made since last December. It is understood that the Standard’s purchases of Russian oil will amount to 1,400,000 tons a year during the life of the three contracts. Opinion here is that the new agreement foreshadows a bitter contest for supremacy in foreign oil markets.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20005, 23 November 1927, Page 9
Word Count
135RUSSIAN OIL Wanganui Chronicle, Volume LXXXIII, Issue 20005, 23 November 1927, Page 9
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