Word: oils
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Dates: during 1950-1959
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...Germany the equivalent of nearly $200 million in economic aid next year, and have assigned the East Germans an industrial specialty: chemicals. The East Germans are under orders to exploit their only significant natural resource-lignite, or brown coal-as the wartime Nazis did, to make coke, gases, diesel oil and synthetic products in vastly increased quantities. Russia has promised to build a pipeline from Baku to East Germany to pump 5,000,000 tons of oil, with which a petrochemical industry based on the giant former I. G. Farben plants at Leuna, Halle and Bitterfeld can double East Germany...
...small cluster of Iranian citizens resident in Italy set up a shout of "Zendibad Shahanshah [Long live the King of Kings]!" The Shah made a the brief speech commenting on the good relations between Italy and Iran, which, he said, "were reinforced by the oil agreement." Oil and the influence of the Shah are perhaps the two most important factors in the slow but certain awakening of the Iranian nation from the sleep of decadent centuries...
Without its oil, pouring from the ground at a rate of 1,000,000 barrels a day and earning the nation an estimated $250 million this year, Iran would simply be another semi-arid pastoral and agricultural nation like its neighbor Afghanistan. Without the special qualities of its 19 million people, who have been taught cleverness and patience by history, are generally more devoted to their kinsmen than their nation, and are suspicious of every move by those in power, Iran would be an easier country to govern. For example, Iranian slum dwellers have been known to refuse to move...
...oil of the Persian Gulf pumps its steady stream of dollars, and new trade agreements, like the one with Italy which guarantees Iran the lion's share of a 25-75% split, will certainly affect the 50-50% deals that have been standard with British and most U.S. companies. Under Iran's $1.1 billion development program, made possible by oil revenues, regional schemes will supply irrigation, fertilizer, electric power and light industry. The ambitious Khuzistan project in southwestern Iran is under the able guidance of a U.S. firm headed by David E. Lilienthal and Gordon R. Clapp...
...Shah's reforms. Though Iran is a Moslem nation, its people are not Arab, and the Shah is thus insulated from the Nasser virus. The Soviet Union, through pudgy Ambassador Nikolai Pegov, has lately purred friendship and slyly supported Iran's claim to Britain's oil-rich Bahrein Island. The Soviet Union sent its dancers and acrobats, sponsored joint Russian-Iranian projects such as locust control on the border, even promised junketing President Kliment Voroshilov would come to Teheran next month in repayment for the Shah's 1956 visit to Moscow. But all Iranians remember Stalin...