Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...flash and dazzle of its remarkable development projects, Saudi Arabia remains a feudal monarchy. Slavery was not outlawed until 1962. Murderers are still beheaded and adulterers stoned to death under Islamic law. Yet thanks to a gift of Allah?proven reserves of 150 billion bbl. of petroleum bubbling underneath the hot desert sands?this extraordinary nation is hurtling in a blink of history's eye from a medieval past toward the 21st century...
...Saudis have bought the best in people too. To make some order out of urban chaos, for example, they brought in Greek City Planner Constantinos Doxiadis. To build up their soccer teams, they hired British Coach Jimmy Hill. To head the new Applied Research Institute at the University of Petroleum and Minerals in Dhahran, they signed William Pickering, who as head of California's Jet Propulsion Laboratory helped put a man on the moon...
...international politics is not easy to come by. It extends at least back to 1938, when Americans brought in Saudi Arabia's first oil well. Four American oil companies later formed the Arabian-American Oil Company (Aramco), which eventually developed Saudi Arabia into the world's pre-eminent petroleum power. Through negotiations with the parent companies, the Saudi government has gradually acquired 60% of Aramco and will eventually purchase the remainder, but it still has more than 2,600 American employees. Of the $142 billion that Saudi Arabia will spend during its current five-year plan, nearly half will...
After tentatively approving the report, which ACSR members will have a chance to read fully and object to in the next day or so, the committee vetoed four shareholder resolutions including one that seeks to force Occidental Petroleum to end all trade with "Communist-bloc" nations...
Occidental Petroleum is engaged in oil and mineral development and transport in the Soviet Union...