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Word: baku (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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Usage:

...Soviet Union, was full of nice things to say about her hosts. At a meeting of the Supreme Soviet in Moscow she was "pleasantly surprised to see so many women in politics," especially the "olive-skinned, slant-eyed, Oriental-looking women with long black braids." As for the Baku oilfields, they are "just terrific." Explained Perle (who inherited an oil fortune.): "They're larger than any I've ever seen in the United States ... It looks as though the oil is flowing freely...

Author: /time Magazine | Title: People, Aug. 17, 1953 | 8/17/1953 | See Source »

...Smirnov, former chief Arctic geologist for the Soviet Union, gives some of the answers in the Socony-Vacuum publication, The Flying Red Horse. As the top oil explorer in Russia from 1925 to 1942, Dr. Smirnov discovered the Arctic fields in the Taimyr-Lena area, and the rich Second Baku basin, which stretches from the Caspian Sea to the Arctic. But in 1949, disillusioned with Communism because "I saw what it was in practice and didn't like it," he escaped from Germany's Eastern zone, eventually made...

Author: /time Magazine | Title: OIL: Russian Wildcatting | 6/8/1953 | See Source »

Quota System. The Russian oil fields were developed slowly, says Smirnov, because of lack of equipment: "Oil-drilling crews use a copy of an American rig, but it is in short supply . . . Drilling is done according to official rates. In the Second Baku fields, for example, the government ordered that each crew drill 2,100 ft. per month in the Pennsylvanian-type limestone. [Then] a well-trained crew of speedup specialists [was moved in and] with ideal working conditions and new equipment drilled 4,800 ft. in one month. Now every crew in the Second Baku must drill...

Author: /time Magazine | Title: OIL: Russian Wildcatting | 6/8/1953 | See Source »

...independent of the rest of Russia for their oil and gasoline. Refinery equipment, which the U.S. shipped to Russia under lend-lease, is in operation . . . Production now may be as high as 3,500,000 bbls. per year. About 40% of Russia's oil comes from the Baku region in the Caucasus . . . [which, with] oil from the Ukraine and from the satellites, supplies the Red armies in the West...

Author: /time Magazine | Title: OIL: Russian Wildcatting | 6/8/1953 | See Source »

...East. In the Second Baku area, which Smirnov discovered, 20 refineries and 1,000 miles of pipeline are operating. One refinery, transported from Germany to Irkutsk, has a yearly capacity of 10.5 million gals. (250,000 bbls.) of high-quality aviation gasoline. In the Far East, says Smirnov, the most important oil area is on Sakhalin Island, which has proved reserves of about 350 million bbls., and may actually have ten times as much. Before World War II, Sakhalin's production was about 3,500,000 bbls. a year. Now, Smirnov estimates, "it could be as high...

Author: /time Magazine | Title: OIL: Russian Wildcatting | 6/8/1953 | See Source »

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