Word: aramco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Arabian American Oil Co., world's biggest single oil producer, last week elected Robert Loring Keyes, 56, president to succeed W. F. Moore, who resigned. (Chairman F. A. Davies remains the top executive.) At the insistence of old King Ibn Saud (TIME, March 3), who gets half of Aramco's profits, President Keyes and the company's top brass will soon be moving to Saudi Arabia. Said Ibn Saud:"Every time there's a decision to be made . . . you have to refer it to New York ... in the future let's refer it here." Rangy...
...gushing oil at the fastest rising rate in the world. From nothing in 1945, production zoomed to 240,000 barrels daily in 1949 to 650,000 barrels last year-and it is still going up. A few more heaves and Kuwait will top Saudi Arabia's nearby Aramco field, now the world's No. 1 producer...
Despite the alarms, Aramco keeps hands off. Iran, it feels, demonstrated conclusively the futility and danger in the old British policy of meddling, bribing and threatening. Aramco continues to pledge its entire fortune to the theory that if the West comes to the Middle East as a friend, it will be welcome and both will profit...
...Control of Aramco...
...grizzled old warrior wanted more. By week's end, four directors, two vice presidents and two legal counselors converged on Riyadh and began soothing Ibn Saud. Before they are through, Aramco may have to: 1) admit Saudi Arabians to its board, 2) agree to pay more of Ibn Saud's royalties in dollars, less in sterling, 3) finance the Gulf-to-Mecca railway...