Word: oiling
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Dates: during 1950-1959
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...political ambitions of the middle class, banned student activity, outlawed trade unions, forbidden freedom of the press. Scorning any mass appeal, Nuri governed by alliance with several hundred semifeudal sheiks who held 94% of the land. Thus, though Iraq is the only Middle East country with plenty of both oil and water, its peasants were as wretched as any in all Asia. And though much of the $200 million-a-year revenue that the government drew from the British-run Iraq Petroleum Co. was devoted to economic development, Nuri's long-range irrigation and dam-building projects made little...
Converting Iraq into a satellite poses a serious economic problem: though the West could get along without Iraqi oil, Iraq could scarcely get along without Western markets for its oil unless Russia were prepared to buy it-and Russia has no real use for it. Yet should Moscow, because of these political and economic difficulties, order the Iraqi Communists to stop short of an all-out takeover, there is danger that the volatile Iraqi mob, which loves nothing so much as a winner, would begin to turn away from its Red heroes just as it has turned away from Nasser...
...business. On public sale fortnight ago went a sizable block of stock in one of the 300 nationalized companies inherited by the government after World War II: 300,000 shares of the big (1958 sales estimate: $178 million) Preussag mining combine, whose activities range from coal mining to oil refining. The government took the step with some misgivings: a 1958 poll seemed to indicate that 40% of all Germans had little knowledge of stock, and presumably little interest. The doubts were groundless. The shares were snapped up so fast that the Bonn government decided last week to allot an additional...
...composition, an oil on a copper surface, pictures a philosopher copying a manuscript illuminated by an unusual lighting effect from a candle...
PORT SAID, April 6--Egyptian authorities in Port Said said a Soviet ship with 855 fully armed men of Kurdish origin sailed through the Suez Canal last night, bound for turbulent Iraq. Such a landing would raise a new and significant threat in the sensitive oil producing areas of the Middle East...