Word: enis
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...unanimous vote, Iran's Senate last week ratified an oil pact that was a major break in the traditional fifty-fifty profit split that Middle Eastern governments give foreign prospectors. To Italy's state-run ENI and its ambitious boss. Enrico Mattei, Iran granted twelve-year drilling concessions for a strip on the Gulf of Oman, a submerged area off Abadan, and a promising 6,800-sq.-mi. area south of the fabulous Qum find (TIME, May 6). But to Iran ENI gave up to 75% of the profits from any oil find it may make...
Apparent front-runner in the race for the Qum oil concession is Italy's state-owned ENI oil and gas monopoly, headed by ambitious Enrico Mattei, who wants to force Italy's way into the international consortium of British, Dutch, French and 14 U.S. oil companies that holds the concession on Iran's older oilfield along the Persian Gulf. A fortnight ago ENI had reportedly closed a deal to exploit Qum itself. Last week it was disclosed that ENI had merely initialed a contract, subject to ratification by the Iranian Parliament, to explore three other areas. Under...
ITALIAN-IRANIAN OIL pact will make Italy's state-owned ENI company a major operator in Middle East, give it drilling rights in Iran's rich new fields (potential production: 35 million bbl. a year) at Qum. Combine of U.S., British, Dutch and French companies already operating in Iran was refused permission to exploit Qum, fears that terms of deal giving Iran 70% to 75% share of profits will upset traditional fifty-fifty split...
...Atomic Energy Commission announced in Washington that the 1954 series was officially ended, and reporters estimated that six H-bombs of varying sizes had been exploded. But further tests were expected to be so routine that the AEC was setting up a permanent testing staff for the Bikini-Eni-wetok proving grounds in the polite but unhappy Marshall Islands...
Fantes flamma tamen eni...