Chevron Corp. Blasts Arco Proposal: Using harsh...
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Chevron Corp. Blasts Arco Proposal: Using harsh language toward a fellow oil company, Chevron rejected a proposal by Atlantic Richfield Co. to move oil from the offshore Point Arguello project to Los Angeles via its Four Corners Pipe Line Co. unit. Chevron called Arco’s proposal “nothing new” and “reminiscent of ‘bait and switch’ tactics, only this time the environment suffers.” Chevron and its partners in the $2.5-billion Point Arguello project northwest of Santa Barbara have insisted that they need to transport the crude oil by tanker to Los Angeles. Santa Barbara County officials have denied Chevron’s request.
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