Word: saudi
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Dates: during 1950-1959
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...publicity-shy strong man, and he had come to ask a favor of his Lebanese neighbor. Iraq wanted to condemn him as a dictator at the next meeting of the Arab League, Shishekly wanted the charge defeated. King Talal of Jordan had already offered Shishekly his support. Egypt and Saudi-Arabia would automatically oppose anything suggested by Iraq's pro-British Premier Nuri es-Said. Lebanon soon made it clear that it would do likewise. Thus assured, Shishekly rode off to Damascus, and went back to slapping one decree after another on his country...
...president to succeed W. F. Moore, who resigned. (Chairman F. A. Davies remains the top executive.) At the insistence of old King Ibn Saud (TIME, March 3), who gets half of Aramco's profits, President Keyes and the company's top brass will soon be moving to Saudi Arabia. Said Ibn Saud:"Every time there's a decision to be made . . . you have to refer it to New York ... in the future let's refer it here." Rangy, 6 ft. 2 in. President Keyes, graduate of Pomona College (1917), started as an oil geologist. Later...
...Kuwait is gushing oil at the fastest rising rate in the world. From nothing in 1945, production zoomed to 240,000 barrels daily in 1949 to 650,000 barrels last year-and it is still going up. A few more heaves and Kuwait will top Saudi Arabia's nearby Aramco field, now the world's No. 1 producer...
Bahrein, just 100 minutes by plane across the Persian Gulf from Kuwait, epitomizes the progress that can be made when a sheikdom has a good ruler, a devoted foreign adviser, and enough oil royalties to work with. The five-island archipelago produces only one-thirtieth of Saudi Arabia's crude, has one-fortieth of Iraq's proven reserves, earns but a fiftieth of Kuwait's royalties. Yet Bahrein (rhyme with ah, rain) is the showplace of the oil kingdoms. Manama, the capital, looks more like a clean town in the West Indies or Bermuda than an Arab...
...furnace, Iraq Petroleum (then called Turkish Petroleum) in 1927 blew in its first well with a gush that could not be controlled for three days. Iraq's proven reserve (7.5 billion barrels in the Kirkuk field alone) is within respectable distance of the great Kuwait and Saudi Arabian holdings...