Gulf Oil, as the company was then known, first discovered oil in Angola's waters in the mid-1960s. Although the ascension of the MPLA scared off most Portuguese investors, the oil operations were largely offshore and therefore untouched by the ensuing bloodshed. Despite the new government's Marxist ideology, it signed a contract granting the American corporation drilling rights. (Gulf Oil became Chevron in 1984, which then merged with Texaco in 2001.) The MPLA played its part by guarding the compound, and used Cuban troops to do it.
:: posted by buermann @ 2004-03-29 15:14:17 CST |