Word: dhofar
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Dates: during 1960-1969
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...Said bin Taimur. He went into the oil business one day when the Sultan, after complaining that he had not found oil like other Middle Eastern rulers, said to Phillips, "And by the will of God we shall have oil, for I am granting you the oil concession for Dhofar." Dhofar, an area the size of Ohio, has not yet produced any oil. But it made Phillips a millionaire, because he divided his 21% interest in the concession into 1,000 units, sold a quarter of them for about $1,500,000-and kept the rest, in case oil should...
...remote sultanate of Muscat and Oman, Dhofar Cities Service Petroleum Corp. was punching dry holes all over the sere, cheerless wastes, but was still hopeful of hitting a gusher...