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July 1, 1992 | PATRICK LEE, TIMES STAFF WRITER
Chevron Corp. on Tuesday announced the first shipment of crude oil from Papua New Guinea, a troubled project that has been plagued by combative island villagers, bureaucratic snarls and threats of sabotage. "It's been a long, tortured story, exemplifying all the problems you run into when you're dealing in exploration in a Third World country," said Philip K. Verleger Jr., a visiting fellow at the Institute for International Economics in Washington.
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BUSINESS
July 1, 1992 | PATRICK LEE, TIMES STAFF WRITER
Chevron Corp. on Tuesday announced the first shipment of crude oil from Papua New Guinea, a troubled project that has been plagued by combative island villagers, bureaucratic snarls and threats of sabotage. "It's been a long, tortured story, exemplifying all the problems you run into when you're dealing in exploration in a Third World country," said Philip K. Verleger Jr., a visiting fellow at the Institute for International Economics in Washington.
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