Word: mediterraneans
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Dates: during 1960-1969
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...been drilled, and 13 were producers. The two discovery wells -Zeltan One and Zeltan Two-brought in by Esso Standard (Libya) Inc. in the oil-rich Sirte district are gushing 32,500 bbl. a day between them. The company is planning construction of a 30-in. pipeline to the Mediterranean's Gulf of Sirte with an initial daily capacity of 100,000 bbl., hopes to have oil flowing through by the fall of 1961. Libyan crude is similar in quality to Mideast oil, for which European refineries are designed. Because deposits are not deep, and drilling is close...
...Pliny (A.D. 23-79) credits Sesostris III (D. 1849 B.C.) with starting a canal connecting the Red Sea and the Nile, making a water route to the Mediterranean...
...statue of Pharaoh Sesostris III will soon stand at the Mediterranean entrance to the Suez Canal replacing the giant bronze figure of famed French Canal Builder Ferdinand de Lesseps. Then the Egyptianizing of the canal will be complete. Already, under the new Egyptian management, the Suez Canal handled a record volume of traffic in 1959 without incident. The canal has become the United Arab Republic's most profitable operation, earning more than $100 million last year. Last week, obviously impressed by President Nasser's plans for increasing the international usefulness of the great waterway, the World Bank lent...