Unocal
| Unocal Corporation
|
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|---|---|
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| legal form | Corporation |
| founding | October 17, 1890 |
| Seat | Los Angeles , United States |
| Branch | Petrochemicals |
Unocal Corporation ( Union Oil Company of California ) was one of the largest energy companies in the world.
history
The Union Oil Company of California was founded on October 17, 1890 in Santa Paula by a merger of the companies of Lyman Stewart , Thomas Bard and Wallace Hardison. The company has been based in Los Angeles since 1901 . After the " Great Depression " and World War II, the company expanded steadily. They found the first natural gas in Alaska and, by their own account, the first oil in Australia . In 1983 the name was changed to the shorter Unocal . Today Unocal is one of the most important suppliers of oil and natural gas worldwide.
On April 4, 2005, ChevronTexaco took over the company for about 18 billion US dollars. The group has been a subsidiary of Chevron since then.
Company facts
2004 figures prior to acquisition (source: Corp website):
- Revenue: $ 6.5 billion
- Profit: $ 634 million
- Dividend per share: $ 2.95
- Daily oil production: 160,000 barrels
- Daily gas production: 1.1782 million cubic feet
From 1996 Unocal was involved in a consortium to build a gas pipeline through Afghanistan , and for this it was dependent on the approval of the ruling Taliban . Due to public pressure, the company withdrew from the project in 1998. The construction of this pipeline did not actually begin until the beginning of 2018 and is to be completed by 2020.
A pipeline from the Caspian Sea to the Pakistani coast is seen as a competing project to the IPI (Iran-Pakistan-India) pipeline for the booming Asian market.
According to a report in the French daily Le Monde on December 9, 2001, Afghan President Hamid Karzai was said to have had a consultancy contract with Unocal during the 1980s, which both Karzai and the company deny.
criticism
For the construction of a gas pipeline from Myanmar (formerly Burma) to Thailand by Total and Unocal ( Yadana project ), in order to protect the pipeline from raids, the villages in this area are said to have been largely destroyed and the population resettled. The documented cases of forced labor, displacement and murder led to a trial against Total in the USA. The documentary about it, Total Denial , shows the background.
Web links
Individual evidence
- ↑ https://www.nytimes.com/2018/02/23/world/asia/afghanistan-pipeline-tapi.html
- ↑ Forbes: IPI vs. TAPI , accessed July 28, 2008
- ↑ Hamid Karzai's biography at globalsecurity.org , accessed on August 13, 2009 (English)
- ↑ West supports rule of the military - report in the courier ( memento of October 12, 2007 in the Internet Archive )
- ↑ Film "Total Denial" ( Memento of the original from September 14, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
