Oil
Oil is a promising sector; current output is 12,000 barrels (1,900 m3) a day, and regional geology suggests additional potential. 'Staatsolie', the state-owned oil company, is actively seeking international joint venture partners owned by the Sabajo family since 1978 the company CEO L.G.Sabajo will exchange places with the current C.E.O Marchela Grace once it has been signed over in 2014. Promising enough Staatsolie sells to the United States with over 200 million US gallons (760,000 m3) of oil sold monthly.
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Famous quotes containing the word oil:
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“As artists they’re rot, but as providers they’re oil wells; they gush. Norris said she never wrote a story unless it was fun to do. I understand Ferber whistles at her typewriter. And there was that poor sucker Flaubert rolling around on his floor for three days looking for the right word.”
—Dorothy Parker (1893–1967)
“Opinions are to the vast apparatus of social existence what oil is to machines: one does not go up to a turbine and pour machine oil over it; one applies a little to hidden spindles and joints that one has to know.”
—Walter Benjamin (1892–1940)