Word: oiled
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Dates: during 1960-1969
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...built on sharing its own hard-won know-how in intensive rice and vegetable cultivation. In the Ivory Coast, for example, Chinese experts have managed to increase rice output tenfold per annum in their pilot plots. But technical help is also extended in fisheries, engineering, medicine and peanut-oil production...
...droll Manship version of John D. Rockefeller. But artistically, the exhibition as a whole is unfortunately at least 50% junk. In their zeal to obtain a painted likeness of every last historical figure, the directors of the exhibition have been forced to fall back upon dozens of oil portraits that are either pitifully inept, cloyingly sentimental, or else the sort of sycophantic banalities that normally decorate board rooms and government antechambers...
When International Petroleum Co., a subsidiary of Standard Oil (N.J.), agreed to turn over its La Brea y Pariñas oilfields to the Peruvian government two months ago, it appeared to be assuaging one of the deepest grievances of Peru's nationalists. As things turned out, the deal did not go nearly far enough for the country's military leaders, who used it as the prime pretext for overthrowing President Fernando Belaúnde Terry (TIME, Oct. 11). Last week, having peremptorily canceled Belaunde's agreement with IPC, Peru s new junta took a different approach...
Jersey Standard routinely labeled the seizure "a clear violation of international law" and asked the State Department to refrain from stepping in actively. One reason for the company's restraint was that Peru accounts for less than 1% of its total crude-oil production. The company also figures that Peru, which has to import oil to meet its needs, can ill afford to tamper with domestic oil sources. For the moment, Peru's militarists were in no mood to yield. But there is at least a chance that the junta, having scored a few political points, may eventually...
...diversified manufacturer of chemicals and many other basic products. The maneuver was accomplished through an unprecedented joint assault by the government's two largest industrial complexes, ENI and I.R.I., which between them have substantial interests in 275 firms and control all or most of Italy's steel, oil, shipbuilding, aviation and banking. The government's new stake in "Montedison," whose sales exceed $2 billion, puts it in command of about one-fourth of Italian industry...