!! History Commons Alert, Exciting News
Texaco was a participant or observer in the following events:
The Soviet Union collapses in 1991, creating several new nations in Central Asia. Major US oil companies, including ExxonMobil, Texaco, Unocal, BP Amoco, Shell, and Enron, directly invest billions in these Central Asian nations, bribing heads of state to secure equity rights in the huge oil reserves in these regions. The oil companies commit to $35 billion in future direct investments in Kazakhstan. It is believed at the time that these oil fields will have an estimated $6 trillion potential value. US companies own approximately 75 percent of the rights. These companies, however, face the problem of having to pay exorbitant prices to Russia for use of the Russian pipelines to get the oil out. [New Yorker, 7/9/2001; Asia Times, 1/26/2002]
Receive weekly email updates summarizing what contributors have added to the History Commons database
Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.