Olean ō´lēăn˝ [key], city (1990 pop. 16,946), Cattaraugus co., W N.Y., on the Allegheny River near the Pa. line settled 1804, inc. 1893. The city formerly had an oil-based economy related to nearby oil wells manufactures still include turbines and compressors for the oil industry as well as electrical items, cutlery, and dairy products. St. Bonaventure Univ. and Allegheny State Park are nearby. In 1972 a severe flood destroyed close to 3,000 homes.

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