Word: saud
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...furious outburst from his Damascus balcony, Nasser abruptly ended his brief truce with the rival Arab Federation (Iraq and Jordan). Evidently Nasser was angered by the Iraqi and Jordanian foreign ministers' attempts to line up Saudi Arabia's King Saud for their union...
...with a planeload of aides. The negotiators deadlocked in shouting dissension over Iraq's membership in the Baghdad Pact. Hussein's men said their Palestinians would riot rather than be party to a pact that Nasser's propaganda labels a symbol of Western imperialism, and that Saud would never join them unless Iraq pulled out of the pact...
...will sit half the time in Baghdad, half the time in Amman. Though Feisal is designated head of state, "the question of the head of state will be reviewed" if any other state joins the federation. This is a big hint that it is not too late for King Saud to line up with his fellow sovereigns. At week's end Amman reported that the oil-rich Persian Gulf sheiks of Kuwait and Bahrein were "considering" joining...
...Mideast areas left untouched: the Neutral Zone, a barren, null tract owned jointly by Kuwait and Saudi Arabia. Already, the American Independent Oil Co. (Aminoil) had a 60-year concession from Kuwait for its half share in the zone, and several companies were negotiating with King Ibn Saud of Saudi Arabia for his share...
Getty stepped in and outbid them all. Though not a drop of oil had yet been discovered in the Neutral Zone, he offered Saud $9,500,000 in cash, $1,000,000 a year whether he hit oil or not, to be applied against 55?-per-bbl. royalties and 25% of the company's net profits from Neutral Zone production. In 1949, "in the name of God, the Merciful, the Compassionate," Pacific Western and the Kingdom of Saudi Arabia signed an agreement giving Getty one-half interest in the Neutral Zone for 60 years. Getty sent son George...