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
History of the oil tanker smaller ULCCs, these ships are sometimes given the "V-Plus" size designation. In February 2008, their owners announced plans to convert "TI Africa" and the "TI Asia" into stationary floating storage and offloading units to be placed in the Al Shaheen oilfield near Qatar in late 2009. With the exception of the pipeline, the tanker is the most cost-effective way to move oil today. Worldwide, tankers carry some annually, and the cost of transportation by tanker amounts to US$0.02 per gallon at the pump. The first open register was Panama in 1916. Fear for political instability and high and excessive consular