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)
“Can he who has discovered only some of the values of whalebone and whale oil be said to have discovered the true use of the whale?”
—Henry David Thoreau (1817–1862)
“Friendship and money: oil and water.”
—Mario Puzo, U.S. author, screenwriter, and Francis Ford Coppola, U.S. director, screenwriter. Michael Corleone (Al Pacino)