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Nothing was too good for old Ibn Saud, monarch of Saudi Arabia. Did he want a railroad? The Arabian American Oil Co. began a standard-gauge, 350-mile Arabian railroad, though convinced that highways would be more practical. Did he consider eight seats on the regular U.S.-bound T.W.A. plane too few to set aside for one of his 30-odd sons? A special plane was wheeled up. Aramco tried its best to anticipate Ibn Saud's every wish, from arranging lend-lease for Saudi Arabia and a cowboy outfit for one of the young princes to furnishing limousines...

Author: /time Magazine | Title: SAUDI ARABIA: Trouble for Aramco | 1/28/1952 | See Source »

...Majesty. For its pains, Aramco (owned by California Standard, Texaco, New Jersey Standard, Socony-Vacuum) got 440,000 square miles of Ibn Saud's domain, the world's largest oil concession, the most productive (866,000 barrels daily) and one of the most profitable...

Author: /time Magazine | Title: SAUDI ARABIA: Trouble for Aramco | 1/28/1952 | See Source »

Last year, when the Middle East blazed with disputes between oil companies and kings over royalties, Aramco announced a 50-50 profit split with Ibn Saud, increasing his 1951 oil royalties from $60 million to $100 million. Other oil companies, particularly Anglo-Iranian, privately deplored such generosity, but belatedly offered to do likewise. American-British-owned Kuwait Oil Co. had to give Kuwait's Sheik an even better split, and American-British-Dutch-French-owned Iraq Petroleum topped that by agreeing to bring Iraqis into the board of directors...

Author: /time Magazine | Title: SAUDI ARABIA: Trouble for Aramco | 1/28/1952 | See Source »

Last week the wave that Aramco set rolling swept back over the company: 72-year-old Ibn Saud decided he wanted more from Aramco. He summoned Aramco chiefs, complained excitedly: "Every time there's a decision to be made, you say you have to refer it to New York. Well, in the future, let's refer it here...

Author: /time Magazine | Title: SAUDI ARABIA: Trouble for Aramco | 1/28/1952 | See Source »

Saudi Arabia's Minister of Defense, Prince Mishaal Ibn Abdul Aziz proved to be a man worth his escort. After a tour of the Wright-Patterson Air Force Base at Dayton, one of his secretaries handed a guard a princely tip: $500 in bills. It's impossible," the man stammered. "I can't accept anything like this." Said the secretary: "You can't refuse. The Prince insists you take it for all the police...

Author: /time Magazine | Title: People, Dec. 3, 1951 | 12/3/1951 | See Source »

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