Belgium: A Breath of Pink Air

In the international oil world of giants, Belgium's Petrofina is not notable for size; it ranks 18th among all oil companies. The remarkable fact about Petrofina is that it has become a strapping middleweight with hardly more than a skeleton to work with. After World War II, its lone refinery was in ruins, its fleet reduced to one 9,500-ton tanker and its only oilfields nationalized by Communist Rumania. Today it presides over 60 main subsidiaries in 18 countries, 10,000 service stations in Europe alone and a tanker fleet that totals 1,000,000 tons. Last year it raised sales 10% to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!