In 1933, Socony-Vacuum and Jersey Standard (which had oil production and refineries in Indonesia) merged their interests in the Far East into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, including New Zealand, China, and the region of East Africa, before it was dissolved in 1962. In 1935, Socony Vacuum Oil opened the huge Mammoth Oil Port on Staten Island which had a capacity of handling 250 million gallons of petroleum products a year and could transship oil from ocean-going tankers and river barges.[5]