Word: aleman
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...with private capital) for developing the country's irrigable lands. Five million acres already have been reclaimed. New projects would reclaim an additional 50 million acres, which would be subject to Government supervision. For the elaborate new program of dam building, power development, soil study and land colonization. Aleman allotted the newly created Ministry of Hydraulic Resources a big chunk of the federal budget...
...goes to the Mexican capital, he said, to attend the inauguration of President-elect Licenciado Miguel Aleman, as the latter's personal guest. "As such I will represent only American science," he stated...
...long statement on Mexico's oil problem last week, President-elect Miguel Aleman omitted such comments but hinted that mismanaged Pemex was due for drastic overhaul. It was gossiped that Pemex was losing $100,000 a day; it teemed with high-salaried, incompetent political lame ducks; it was constantly in trouble with labor. And in eight years it had failed to fit the oil industry into the domestic economy. It was still geared for export. Its pipelines ran down to the sea instead of to home markets in the big inland cities. A new refinery outside Mexico City would...
...patriotic spree. Exultant workers hailed the end of "foreign exploitation" as they paraded through city streets and village plazas; bands blared; housewives offered their silver to help pay for the $400,000,000 seizure. That was eight years ago. Last week TIME learned that President-elect Miguel Aleman might let foreign oil interests return...
...Year Job. Mexico may well have oil reserves up to six billion barrels a year. Under the new plan which Aleman is now pondering, that rich pool could be tapped with some 7,250 new wells, aimed at quadrupling production. But that is a six-year, $600,000,000 job, and that is where foreigners come in. To raise some of the money, private companies would be allowed to bid in two-thirds of the new fields, then export most of the production on a royalty basis...