Word: petroleum
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Dates: during 1960-1969
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...many tearful quarrels, Saud accepted Feisal's resignation as Premier and took the job himself. To get the economy moving, Saud turned to another brother, Prince Talal, 30, who as Finance Minister runs the country with the help of its most powerful commoner, Abdullah Tariki, 42, Minister of Petroleum, Mines and Education...
...carefully stationing at his side venerable Poet Robert Frost, his luncheon guest, as a sort of mute character witness. Udall angrily denied that he had meant to bludgeon money from the oil and gasmen. He admitted that he was a good friend of Evans', an official of Asiatic Petroleum Co., an affiliate of the Royal Dutch Shell group. But, said Udall, all that he had done was to tell Evans casually that he hoped to see him and "a few of his friends" at the Democratic dinner...
...days floats to the outside world on a thick black tide of oozing oil. Russian oil salesmen with barter deals in their briefcases stride the sidewalks of Beirut, Colombo and Tokyo. Earnest technicians from Moscow probe the earth in India, Ghana, Cuba and Pakistan to help the locals find petroleum of their own. Fat tankers chug out of the Black Sea toward a score of nations already signed up at bargain-basement prices for Commilube, the fuel of friendship...
...spurred mainly by chemical companies, except for Jersey Standard, Gulf and Shell. But now other oil companies such as Sun Oil and Mobil are moving in fast, because the profit rate is three times more on petrochemicals than on the rest of the oil and gas business. Cosden Petroleum Corp., for instance, made 18% of its refinery output into petrochemicals...
...Petrochemical literally means rock chemical, but actually it is loosely derived from the word petroleum (rock oil), and means chemicals from...