Word: oil
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Dates: during 1950-1959
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...that "have removed themselves from the Arab League blacklist by deciding that doing business in Israel is uneconomic." We were never on such a blacklist. The facts are that for a few years we owned a company that did a relatively small (about 5% of the market) business selling oil in Israel. Problems of foreign exchange and competition from the government-owned oil-marketing company in Israel made the operation unattractive from a purely commercial standpoint. So we sold the business...
Executive Vice President Standard Oil Co. (NJ.) New York City...
...high time. Things have been standing still in Iraq, in uneasy tension between the Communists and the conservatives. Though oil flowing to Western markets still brings Iraq royalties at the rate of $230 million a year, Kassem's 16-month-old revolution has done little to better the Iraqis' lot. Farmers, unsure whether the government will go through with land reform, have cut back on their planting. Eggs have tripled in price, rice costs 50% more, and wheat has become so scarce that authorities had to import 45,000 tons from Turkey two months ago to meet...
...from Egypt was wrecked on the west coast of India, south of Bombay. Seven men and seven women survived, and an ancient cemetery at the village of Nowgow is traditionally the place where they buried the bodies of the drowned. The 14 survivors were given jobs by a Hindu oil merchant, who put them to work pressing seeds for oil (still a traditional occupation of some Bene Israel villagers). Because they refused to work on the Sabbath, the Hindus called them Shanwar Telis-Saturday's Oilmen...
...said Chaalal, have "trumped, tricked, fabricated" previous elections in Algeria. Alluding to the "facility of General de Gaulle's language," he insisted on the "integrity of the Algerian national territory." Although de Gaulle has made vague proposals for regional referenda in Algeria (concerning independence), Chaalal said that the Sahara oil resources belong to Algeria, and that the country must gain freedom "as a whole...