Word: aramco
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...Aramco is always obsequiously anxious not to jeopardize a deal which is one of oildom's most profitable. At 40? a barrel (v. $1.03 in the U.S.), Arabian Oil is one of the world's cheapest to produce, sells for $1.90 on the world market. From the beginning, Aramco's operations have been an exemplary display of enlightened management. In 1950, seeing the handwriting writ large across the Middle East by Britain's gathering troubles in Iran, Aramco increased the Saud share in the oil profits to 50%, the Middle East's first...
...most of Aramco's Americans come to Arabia with no sense of mission. In Dhahran they have created a Levittown complete with automatic dishwashers, bowling alleys, ladies' socials and nightly movies. Their pay is 25% above comparable jobs in the U.S. and tax free-but they growl about the heat, curse the dust, and count the days until they can return home and buy that restaurant or farm with the money they have saved. Saud's rigid Moslem code imposes added irritants. Books are banned (apparently in fear of subversive literature). Wives are irritated by the Saudi...
...Saudis never let Aramco forget that it is a private enterprise allowed to exist only by sufferance of the King. To underline the point, King Saud has gone out of his way to assert his political independence of the U.S. After a four-year trial, Saud politely ejected a Point Four mission on the ground that it was too bossy. In 1953 the Saudi government accepted a military assistance agreement, only to cancel it before it went into effect because it was contingent on too much U.S. supervision. The U.S. was allowed to build the Dhahran airfield itself only with...
...observers are convinced that Nasser's Suez adventure marked a turning point. There were already signs that Saud had become wary of Nasser. Last spring there were reports of a brief mutiny in the Saudi army instigated by Egyptian-trained officers. Last June 4,000 workers struck at Aramco just before Saud paid a formal visit, greeted him shouting of "oppression" by foreign imperialists. Saud's police beat several demonstrators to death with palm stems. Then, when Nasser flew to Dhahran for a conference, Saud was annoyed to find that the cheers for Nasser were far louder than...
...Saudi airfields to fly his Russian jets and bombers to safety, and offered Saudi troops (Nasser declined them as unneeded). In return, he had one urgent favor to ask of Nasser: that he ask the Syrians not to blow up Tapline, the pipeline that carries a third of Aramco's production through Arabia and Syria to the Mediterranean. Reportedly, Nasser obliged -by making a telephone call to Syria's Colonel Abdel Hamid Serraj who agreed. Iraq's Nuri es Said, who waited too long before demonstrating his support of Nasser, saw his pipelines blown...