Oral History Interview with Stephen E. Van Nostrand, April 20, 1987 Page: 57
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57
Marcello:
Van Nostrand:
and write you a letter saying, 'Ignore that damned thing.
I, as president of NPRC, will assure that we are going to
buy our crude under those contracts we have with you, regard-
less of what MITI says." They put it just that way, and
I've still got copies of those letters. They said, "Now
take your letter to us, and attach that to the application."
So we got our expansion. We did the same thing with Koa.
They were going to build the Osaka refinery--80,000 barrels
a day--and we weren't going to get MITI's permission to do
it, but we did.
Administrative guidance. This was the way MITI operated,
and it's as effective as if they'd said to us, "Under no
circumstances are we to grant you your new increment of
expansion unless and until you agree that you will release
50 percent of the crude rights." I was glad I didn't have
to negotiate on a daily basis, for they were merciless. I
think we would be equally aroused in this country if the
position was reversed. Look at what we're doing now. We
are in this position, aren't we? We're at the point where
our government's going to take action because they're so
terribly concerned with our trade imbalance.
In 1967--I'm sure you'd have been on top of this one-the
Nippon Oil Staging Terminal Company was formed. Give me
the background on that. How did that come about?
I already have, in essence. When Nippon Oil Staging Company
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Marcello, Ronald E. & Van Nostrand, Stephen E. Oral History Interview with Stephen E. Van Nostrand, April 20, 1987, book, April 20, 1987; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metadc306889/m1/59/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Oral History Program.