Petroleum; Petroleum -- Great Britain; Petroleum engineering
During the past decade Roumania has necessarily catered for the export
trade, for the volume of crude oil produced has been far beyond its
requirements. The great petroleum storage port of Constantza has been
made the centre for this export business, and the completion of a trunk
pipe-line from the Roumanian refineries to the port was one of the
most recent enterprises undertaken by the Roumanian Government prior
to the war. During the period when Roumania was under German control
its terminal point was so changed that the line ran to a spot which
rendered the transport of petroleum to Germany a matter of ease. Now,
however, Germany’s plans have been frustrated, and Roumania’s great
pipe-line will have its terminal point at Constantza, where all kinds
of petroleum products can be pumped direct to the oil tankers.
THE DUTCH INDIES.--The growth of the petroleum industry in the Dutch
Indies has been surprisingly rapid, and this growth synchronizes with
the advent of the “Shell” Company into the Far Eastern fields. It is
stated that there are many hundreds of square miles of territory in
the East Indian Islands which can be remuneratively developed; at
the moment, however, though but the fringe of exploitation has been
touched, the production has been amazing. Eighteen years ago, it was
placed at 300,000 tons of crude oil; last year it nearly reached
2,000,000 tons. In Sumatra several companies successfully operated
for many years, but most of them eventually became merged with the
Royal Dutch Company, whose interests now are also those of the
“Shell” Company. As to Borneo, the “Shell” Company commenced active
developments in 1900, or thereabouts, for it had acquired an area of
approximately 460 square miles. The fields rapidly responded to the
drill, and the crude oil production rose by leaps and bounds. The
crude was of a high-grade character, and for a long time it taxed the
energies of those responsible for the good conduct of the concern,
as to exactly what should be done with some of the refined products.
As a matter of fact, some thousands of tons were burned, for at that
time there was little or no demand for motor spirit. I well remember
when the Company’s Chairman--Sir Marcus Samuel--faced the shareholders
in 1900 and explained that if only the Company could realize 6d. per
gallon for its motor spirit, what handsome profits would accrue. But
events have marched quickly since those days. The motor-car has come
to stay, and what seemed a useless product of the Far Eastern oils
in the early days of development, is now one of the chief sources of
revenue. The advent of the heavier motor spirits has also been of great
benefit to the Borneo petroleum industry, for the public has grown
accustomed to recognize that it is not specific gravity which counts in
the quality of motor spirit, but the closeness of the boiling points
of its constituent fractions. To-day, the Far Eastern fields supply
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