ENERGY
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Texaco Resumes Pumping in War-Ravaged Area: Texaco Inc. resumed oil production in the Kuwait-Saudi Arabia neutral zone, where petroleum facilities were devastated by Iraqi troops during the Gulf War. The oil ministers of Kuwait and Saudi Arabia opened the valve of a symbolic oil pump to mark the resumption of production from the shared border facilities. Kuwait gets half the oil, Texaco the other half on the basis of a concession from Saudi Arabia. Chairman James W. Kinnear estimated Texaco’s production initially will be about 20,000 barrels a day, rising to 30,000 by year-end. Texaco was getting 67,500 barrels a day before Iraq invaded Kuwait in August, 1990.
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