Word: iraq
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Dates: during 1960-1969
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...world's oldest known map" has fortunately not been missing for years, but has been and is safely housed in the Baghdad Museum (item No. 50711), Iraq. What our student saw was only a plaster cast of the object, but how can one expect a sophomore to know a cast when he sees...
...Middle East have been unusually har monious in demanding "akthar, akthar" (more, more) from the Western oil consortiums. The loudest voice has come from Syria, which has no wells but makes do with the next-best thing: a 305-mile stretch of the pipeline through which the Iraq Petroleum Co. pumps oil from its Iraq field to the Syrian port of Baniyas on the Mediterranean. Last week, after weeks of futile negotiations on new rates, Damascus seized the pipeline "to achieve the full rights of the people...
...consolation to I.P.C., but every Western outfit in the Persian Gulf area may soon be paying more. Iran is demanding that its producers increase their output by 17.5% this year to boost its royalties to $625 million. Iraq wants production increased by 10% to bring its revenues to $372 million. Kuwait has decided that its $636 million annual take is not enough...
There is more than simple greed behind the pressure. The Persian Gulf countries want high pumping quotas as insurance against competition from new oil sources being developed in areas closer to world markets. By year's end Libya will pass Iraq in production, rank fourth in the Middle East (after Saudi Arabia, Kuwait ,and Iran). Algerian production is growing and tiny Tunisia became an exporter for the first time this year. Before long, Egypt will be in the market, thanks to a Phillips Petroleum strike near El Alamein announced last week...
Widespread Repercussions. At its semiannual meeting in Kuwait, the Boy cott Office of the 13-nation Arab League (Algeria, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Saudi Arabia, Sudan, Syria, the United Arab Republic and Yemen) voted for a ban by all Arab countries on doing business with all three companies. The action against Coca-Cola came in retaliation for the granting of an Israeli bottling franchise to Manhattan Banker Abraham Feinberg, who is also president of the Israel Development Corp., which promotes Bonds for Israel. RCA angered the Arabs by allowing phonograph records to be pressed in Israel. The move...