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United States Foreign Investments Angola

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June 10, 1987 | MARK POTTS, The Washington Post
When oil giant Chevron Corp. bought Gulf Corp. in 1984 for $13.2 billion, it acquired 1.8 billion barrels of oil, 3.8 trillion cubic feet of natural gas, 42,000 employees and a political headache. Included in Gulf's assets were rights to promising oil fields in the African nation of Angola. Gulf first discovered oil in Angola 20 years ago, and the nation is considered one of Africa's key non-OPEC suppliers.
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BUSINESS
June 10, 1987 | MARK POTTS, The Washington Post
When oil giant Chevron Corp. bought Gulf Corp. in 1984 for $13.2 billion, it acquired 1.8 billion barrels of oil, 3.8 trillion cubic feet of natural gas, 42,000 employees and a political headache. Included in Gulf's assets were rights to promising oil fields in the African nation of Angola. Gulf first discovered oil in Angola 20 years ago, and the nation is considered one of Africa's key non-OPEC suppliers.
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