Word: dhofar
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Dates: during 1950-1959
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...York. Profits of Standard Oil Co. (New Jersey) reached a record $463 million for the year's first half, $38 million more than an early estimate. Cities Service President W. Alton Jones announced record first-half profits of $36,315,490, and its wholly owned subsidiary, Dhofar-Cities Service Petroleum Corp., announced a second oil strike in the district of Dhofar in the sultanate of Muscat and Oman.* The two wells, on a 32,000-sq.-mi. concession held by Dhofar-Cities Service in partnership with Richfield Oil Corp., may mark the beginning of a major new Middle Eastern...
...also feared that the U.S. would naturally side with Saudi Arabia, whose oil concessions are wholly American-but the fact is that U.S. oil money dominates even the areas where British protection prevails: U.S. companies own 50% of the stake in Kuwait, 100% in Bahrein, the Neutral Zones and Dhofar, 23.75% m Muscat and Oman...