Model: The Oil Corporations

A proposal to effect the discouragement of foreign corporations from investment in Southern Africa
by American Committee on Africa
New York, New York, United States
March 22, 1971
14 pages
In March 1969, the American Committee on Africa submitted a memorandum to the UN Special Committee on the Policies of Apartheid of the Government of South Africa outlining a proposal for co-operation between African States and non-governmental organizations aimed at ending investment by U.S. companies in Southern Africa. U.S. direct investment in Africa focuses on areas of U.S. interest - petroleum and mining. The paper discusses Caltex, Standard Oil of New Jersey (Esso), Standard Oil of Indiana (Amoco), Standard Oil of California (Chevron), Mobil, Texaco, Gulf, Sun Oil and Tenneco, and Atlantic Richfield. Houser points out that Gulf Oil is the largest single investor in Portuguese Africa and holds the sole concession along the continental shelf of Cabinda; Gulf admits that it paid $11 million to Portugal in 1969. • Appendix I Some major oil corporations with exploration, production or marketing operations in two or more independent African countries and concurrent operations in Southern Africa • Appendix II
This item was digitized for Aluka, which made it available to the African Activist Archive.
See: http://www.aluka.org/
Used by permission of Africa Action (successor to the American Committee on Africa).
Collection: Africa Action Archive