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Blackout. The intruder was first sighted, at midmorning three weeks ago, by a sonar operator during a training-patrol mission of three destroyers. The sonar's ping indicated a solid object moving slowly 90 ft. below the surface of the 30 mi. by 40 mi. Golfo Nuevo. The sonar target outsped the attacking destroyers, and out went a call for planes. A few hours later, a Neptune antisub plane reported spotting a submarine; ships and planes attacked, but the target disappeared...
...addition, Russia is shipping oil not only into Western Europe, but through the Bosporus into Egypt and North Africa. For these reasons, new oil concessions are being granted all over the Middle East. Examples: ¶ In Yemen the American Overseas Investment Corp. was exploring a 10,000-sq.-mi. concession in the northwestern coastal plain. It had beaten out the Japanese and the Italians for Yemen rights. ¶ In the Persian Gulf sheikdom of Abu Dhabi, a subsidiary of British Petroleum Co. Ltd. and Compagnie Franchise des Petroles brought in a well that tested out at 2,400 bbl. daily...
...biggest new field has been opened in Libya. Already 16 companies have invested $175 million for 84 concessions over the country's 680,000 sq. mi. To date, 61 wells have 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...
...army took over the wobbly and corrupt government of Burma 15 months ago, he has been anxiously trying to settle the country's longstanding border dispute with Red China. But each time agreement seemed near on the three disputed villages and the two large (180 sq. mi.) tracts of land, the Chinese would find that some new "adjustments" would have to be made. Last week, having had a change of heart, Peking brought its long filibuster...
After only five days, complete settlement was reached on a dispute which, according to Ne Win, "has defied solution for 100 years." In exchange for the three villages and one 80-sq.-mi. area, Red China surrendered all claims to a 100-sq.-mi. triangle southeast of Bhamo. The two nations also signed a ten-year nonaggression pact. "We are determined." beamed Premier Chou Enlai, "to make the border between our countries one of peace and friendship." What had changed Peking's mind? In the past year Communist China's once great prestige in India, Burma and Indonesia...