Word: oilfields
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...Resources Corp. founded by former TVA Chiefs David Lilienthal and Gordon Clapp, to work on plans for a $5 million dam, a 375,000-acre irrigation project, a sugar mill and refinery, Iran's first major electric transmission line, and a gas pipeline from the Agha Jari oilfield...
...three years the French had refused to run a pipeline from their Edjele oilfield in the Sahara (estimated reserves: 70 million metric tons) over its natural route through Tunisia to the Mediterranean, unless French troops were allowed to stay in southern Tunisia to protect it. De Gaulle abandoned the conditions. He told Tunisian Ambassador Mohammed Masmoudi: "We are not at all opposed to Tunisia having its share of the Sahara's resources." The French and Tunisians signed an agreement to build the pipeline across Tunisia at a cost of $95 million, which will give jobs to 2,000 Tunisians...
...Frank Oscar Prior, 62, president since 1955 of Standard Oil Co. (Ind.), was named chairman of the board and chief executive officer to succeed Robert E. Wilson, who retired after 13 years as chairman. A Stanford graduate and onetime oilfield roughneck, Prior will be succeeded by John Eldred Swearingen Jr., 39, executive vice president since 1956. Swearingen, a South Carolinian, went to Standard in 1939 from Carnegie Tech, won a reputation as a top production man, became general manager of Standard's production in 1951, vice president in charge of production in 1954. Prior and Swearingen have worked together...
Water & Power. Little by little, Hollis Roberts added to his acreage until he quit his oilfield job for the farm full time. "If you want to start over, we'll start over," said his wife Manon. "If your heart's set on farming, you go right ahead." Every month he sent his Texas banker a $22 installment to pay off his Chevy loan. The cotton-gin owners liked him and staked him, and Roberts surged ahead. Today Cotton Rancher Roberts, with 7,000 acres, half owned, half leased, lives with his wife and two daughters...
...Russians opened on the Volga the world's largest hydroelectric station, developed west of the Urals the world's biggest new oilfield, built at Dubna, outside Moscow, the world's largest synchrocyclotron (particles accelerator). In 1957 Russia graduated three times as many engineers as the U.S. and published five times as many book titles. In the judgment of their U.S. peers, Russian scientists in 1957 excelled in such fields as astrophysics, very high energy studies, cosmic-ray research and certain branches of higher mathematics, and ran close to U.S. performance in oceanography, cryogenics and geology. The Russians moved...