Word: arabia
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Dates: during 1940-1949
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...Received Amir Saud, heir-apparent to the throne of Saudi Arabia, and gave the Crown Prince an autographed picture in return for a jeweled sword and dagger...
Crown Prince Saud Ibn Abdul Aziz of Saudi Arabia, eagle-faced eldest of Ibn Saud's 40-odd sons, got an eagle's-eye view of Manhattan. In the city on a coast-to-coast tour, the Prince played the tourist to the hilt-hustled straight from the Pennsylvania Railroad Station to the Empire State Building for an educational gape. Manhattan gaped, too: with the Prince was a retinue of protectors hung with cartridge belts, golden swords, and jeweled daggers...
Locked beneath the history-laden sands of Saudi Arabia lies the world's last known great oil pool. The right to exploit it belongs to Arabian-American Oil Co., owned by The Texas Co. and Standard Oil Co. of California. But Arabian-American, which has done comparatively little drilling, saw its future production limited by a lack of distribution facilities. On the other hand, Standard Oil Co. (N.J.) and Socony-Vacuum Oil Co. have plenty of outlets in Europe, but little oil to supply them...
Help for Ibn Saud. In 1933, California Standard won its concession from Saudi Arabia's aging (67) King Ibn Saud; three years later it brought in Texas Co. with the idea of selling Arabian oil in the Far East. Now the only oil company in Saudi Arabia, Arabian-American owns rights on 278,000,000 acres, an area almost three times the size of California. Estimated oil potential of these acres: up to 20 billion bbls. Current production is now 200,000 bbls. a day (up from 18,000 two years ago), and the Far Eastern market...
...given by Ibn Saud. As oil and pilgrimages to Mecca are his chief sources of income, he has long awaited increased exploitation of his lands to boost his royalties of 22? a bbl. Shrewd old Ibn Saud also knows that more production means more American capital in Saudi Arabia and more work and good wages for his impoverished Arab subjects.* Help for the U.S. Arabian-American can use some financial help to exploit the Arabian pool. It has already spent an estimated $200 million on its concessions. Now it plans to spend $125 million on a 26-inch pipeline running...