Word: iraq
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Dates: during 1950-1959
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Before lunching recently with Iraq's Mrs. Bedia Afnan, a woman often stiffly opposed to the U.S. position on human rights, Mrs. Roosevelt said: "She will not trust me, or believe what I say. But she will turn it over in her mind, and, perhaps in time...
...IRAQ...
...Iraq's oil is a big IF. The oil is there, all right, and has been since recorded history. Noah caulked his Ark "within and without with pitch" taken from bitumen springs in the Tigris and Euphrates Valley. Just a few hundred yards from where Nebuchadnezzar, "full of fury," cast Shadrach, Meshach and Abednego into the fiery, oil-fed furnace, Iraq Petroleum (then called Turkish Petroleum) in 1927 blew in its first well with a gush that could not be controlled for three days. Iraq's proven reserve (7.5 billion barrels in the Kirkuk field alone) is within...
...Iraq's past output has been paltry compared to its potential. And its future is hazy and filled with portents...
...Germans cut in and both were stymied. They made a deal and were about to start work when the war interfered. In 1920, with the Germans ousted, the French insisted on getting into the act; then the Americans set up a clamor. Turkish Petroleum was renamed Iraq Petroleum and was divided between Britain, France, the U.S. and The Netherlands, with each holding 23.75%. The remaining 5% went appropriately to the wily old Armenian influence-peddler who got them together: Calouste S. Gulbenkian, another candidate for richest man in the world...