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Lago Petroleum Corporation was an oil production company established by Americans in 1923 that exploited the oilfields in Lake Maracaibo. It was acquired by Standard Oil of New Jersey in 1932. Later it was nationalized. ==Ownership== Edward L. Doheny, who owned the Pan American Petroleum and Transport Co., controlled the Barco concession in Colombia through a subsidiary. He became interested in Venezuelan oil operations, including a pipeline from Colombia to Venezuela to reduce the cost of exporting the Colombian oil. After meetings between J.A. Coronil and Doheney's staff, the Lago Petroleum Co. was formed by Preston McGoodwin, Joshua S. Cosden and Payne Whitney Associates, and registered in Delaware on 12 April 1923. British-Mexican Petroleum acquired about 25% of its stock. In 1924 the company took over concessions that had been granted to the British Equatorial Oil Company in addition to properties it had purchased from twenty Venezuelans who had obtained them from General Juan Vicente Gómez, the military ruler of the country. C. Ledyard Blair's Blair & Co. and Chase Securities sold a controlling stake in Lago to Pan American Petroleum in a complex transaction at the end of 1925. By the late 1920s a trio of foreign-controlled companies were operating in the eastern Lake Maracaibo region. Shell Oil had the Aranguren concession onshore. Gulf Oil had acquired the Creole Syndicate's leases in the strip of shallow water wide along the lake shore. Standard of Indiana through Pan American owned Lago's operations in the lake bed. In 1932 Pan American sold its foreign properties to Standard Oil of New Jersey for about $100 million. The deal included Pan American's large oil concessions in Venezuela. Lago Petroleum became a subsidiary of Creole Petroleum Corporation, now the Venezuelan subsidiary of Standard Oil of New Jersey. Included in the sale were the Lago Oil and Transport Company and the Lago Shipping Company, and the finalized plans to build the Lago refinery, "the giant", on Aruba. Later the company was nationalized. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Lago Petroleum Corporation」の詳細全文を読む スポンサード リンク
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