Bill Allen (businessman) Barbados as well. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets, including the Sudan, Russia, Mexico, Venezuela and Syria. VECO had a major impact on the economy of Alaska and employed over 5,000 people worldwide. On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the second largest in United States history, after the BP Gulf of Mexico Deepwater Horizon spill. Under Allen's guidance, VECO (along with
Sanchi oil tanker collision Sanchi oil tanker collision The Sanchi oil tanker collision occurred on 6 January 2018 when the Panamanian-flagged, Iranian-owned tanker , with a full natural-gas condensate cargo of 136,000 tonnes (960,000 barrels), sailing from Iran to South Korea, collided with the Hong Kong-flagged cargo ship off Shanghai, China. "Sanchi" caught fire shortly after the collision; after burning and drifting for over a week, it sank on 14 January. None of "Sanchi"s 32 crew members survived. The crew of the "CF Crystal" was rescued and the ship made port in China. The financial damage of the sinking of "Sanchi", based on NIOC