Word: baku
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...suburban Constantinople. Calouste adopted an old Arab proverb as his first business maxim while palm-priming the sultan's retinue with baksheesh: "The hand you dare not bite, kiss it." Priming himself with a civil engineering degree at London's King's College, Calouste visited the Baku oilfields in 1888, and in his 20th year wrote an authoritative book on the Baku petroleum industry. It was the overture to decades of what Gulbenkian called "orchestrations" -concessions, mergers, consortia, nervy negotiations, adamantine patience. The conclusion consisted of the words "to C. S. Gulbenkian ... in perpetuity...
...with Saudi Arabia the final details of the Dhahran air-base agreement worked out by President Eisenhower and King Saud during the King's visit to Washington (TIME, Feb. 18). The Saudis extended U.S. access to the vital strategic base, 1,000 miles south of Russia's Baku oilfields, for another five years. In return, the U.S. will give the Saudis some $50 million worth of services in the period by helping improve Saudi Arabian civil-aviation facilities, setting up or extending present U.S. training programs for the Saudi army, air force and navy...
From Leningrad to Baku, the Russians rolled out their flossiest Red carpets last week and strove to outdo the welcome extended to Sukarno by the U.S. Jet fighters escorted Sukarno's plane. Guards of honor and equally well-drilled cheering multitudes greeted him at airports with bunting and banners. At a meeting of Leningrad engineering workers, who offered to help industrialize Indonesia, Sukarno, himself an engineer (Bandung Technical Institute), let his emotion overflow: "My heart brims with love and gratitude. I beg you not to address me as . . . Your Excellency. I beg you to call me Bung Karno [Brother...
History is being rewritten in Soviet Russia, but the system itself is not so easily revised. Despite First Party Secretary Khrushchev's assurances that things have changed since Stalin's death, his security police are acting much as they had done under the old Dictator. In Baku, It was reported last week, ex-Premier Mikhail Bagirov and three other leaders of the Caucasian Communist Parties had been summarily executed. The charge: they had been fellow conspirators of Police Chief Beria (executed 30 months ago). A more likely reason: Khrushchev & Co. still need scapegoats...
...three, wrapped, like Cleopatra, in a rug. Likelier history suggests that he came later and in more orthodox fashion to take an engineering degree at London's King's College. Whatever the case, his first impact on the oil business occurred when he visited the oilfields of Baku and published a scholarly article about them in a French magazine. Turkey's Director of the Privy Purse spotted the article, and Gulbenkian...