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A dozen sheep were ceremonially slaughtered, the tanker British Confidence blasted a salute, and Libya's 76-year-old King Idris last week officially opened his country's newest oil port at Marsa Hariga, two miles from Tobruk. To mark the occasion, the desert monarch was handed a...

Author: /time Magazine | Title: Libya: Pumping Up Profits | 2/24/1967 | See Source »

In 1955, Phillips turned to Libya after dropping the usual string of names and introductions, was soon in conference with King Idris working out an oil concession. Phillips' original 3% interest in the 9,000-sq,-mi. concession has been lost to sight in a series of transfers. The...

Author: /time Magazine | Title: Entrepreneurs: The Great lam | 9/30/1966 | See Source »

Retiring to Palaces. Despite such problems, Libyans recognize good times when they see them; U.S. Ambassador David Newsom calls Libya "the most stable country in the Arab world today." Reform-minded King Idris, 76, has built more than 100 new schools outside Tripoli, has pledged 70% of the government'...

Author: /time Magazine | Title: Libya: Peanuts to Prosperity | 2/25/1966 | See Source »

To prepare the way for an orderly transition after his death, Idris has been grooming his nephew, Crown Prince Hassan Rida, and at the same time altering and liberalizing the character of Libya's kingship. He is retiring more and more to his half a dozen domed and crenelated...

Author: /time Magazine | Title: Libya: Peanuts to Prosperity | 2/25/1966 | See Source »

Plenty for King Idris. No such political quicksand threatens oilmen in Libya, where relations with the government have been stable and happy (with fifty-fifty profit-sharing) ever since Standard of New Jersey brought in the first big field in 1959. Since then, output has shot up so fast that...

Author: /time Magazine | Title: North Africa: Desert Oil & Political Quicksands | 12/4/1964 | See Source »

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