Facts & Figures, Feb. 28, 1949

Foreign Investment. Two oil companies made the first big postwar investments of U.S. private capital in Italy. Standard Oil Co. (N.J.)* became a partner in Italy's rig ANIC (Azienda Nazalonale Idrogena-zione Combustibili), by putting up $6,000,000. It will get a 50% interest in a new company which will modernize and operate two ANIC refineries, with a combined daily capacity of 16,000 barrels, at Leghorn and Bari. Caltex Oil Products Ho., joint subsidiary of the Texas Co. and Standard Oil Co. of California, bought an interest in Italy's Petrolea S.A., subsidiary of FIAT. Caltex will build...

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