Word: seaboard
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Dates: during 1930-1939
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...Reflecting company estimates of a potential reserve of at least 100,000,-ooo bbl. in its new field, Barnsdall stock in six weeks was moved up from $20 to $34 per share. C In ancient Teheran, capital of Iran (Persia), word leaked out that Seaboard Oil Co. had acquired exploration and exploitation rights to 180,000 sq. mi. of Iranian territory...
Granted to Amiranian Oil Co., a Seaboard subsidiary, the concession is reported to be good for 60 years, must be reduced in 15 years to 100,000 sq. mi. by the elimination of areas without oil. To carry oil out of Afghanistan and Iran, another Seaboard subsidiary called Amiranian Pipe Line...
received permission from Reza Shah Pahlavi (see p. 20) to build what may turn out to be the world's longest pipe line, through Afghanistan and Iran to the Persian Gulf. In size, if not in richness, Seaboard's new Middle Eastern territories will be superior even to those of Britain's great Anglo-Iranian Oil Co. Both the Afghan and Iranian concessions are the outgrowth of conversations in 1933 between Charles Calmer Hart, then U. S. Minister to Iran, and his good friend Ogden Livingston Mills, outgoing Secretary of the Treasury. After Mr. Hart resigned...
About a year and a half aw this coalition approached Seaboard. formed the exploration companies, gave Seaboard a 51% interest. Mr. Hart then began to palaver in Kabul and Teheran. Biggest stockholder in Seaboard Oil (32%) is Texas Corp. Last week Texaco filed a registration statement with the Securities & Exchange Commission for the issuance of 1,557,000 shares of common stock, to be offered to Texas stockholders at about $40 a share on the basis of one new share for each six held. Market price of Texas common last week was $52. Of the estimated $62,000.000 proceeds from...
...must be entirely American. U. S. engineers have been well regarded in the East ever since they helped complete Iraq Petroleum's 1,200 mi. pipe line across Iraq and Syria to the Mediterranean in 1935. More important than that, and perhaps most important for the concession to Seaboard, is the fact that Afghans are still skittish about British interference. European-minded King Amanullah was chased out in 1929 partly because he tried to force pants on his tribesmen. His successor, Nadir Khan, was assassinated in 1933 after he had agreed to let Britain extend the Khyber Railway...