Word: tariki
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Dates: during 1950-1959
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Native's Return. Abdullah Tariki, chief of the Saudi office of Petroleum and Mineral Affairs, is the unquestioned spokesman of the new generation of ambitious Arab experts in oil. "Absolutely incorruptible," say U.S. oilmen, who quiver at some of Tariki's ideas. "The only Arab who knows anything about the oil business...
They are more concerned by the deal being discussed by Indiana Standard with Saudi Arabia. At the bargaining table sits swart, smiling Sheik Abdullah Tariki, 39, the Arab oil expert whom Americans most respect and fear. Head of the Saudi office of Petroleum and Mineral Affairs, Tariki is an oil engineer with a master's degree from the University of Texas, is divorced from his American wife. His dedicated Arab nationalism is reportedly deepened by painful memories of having been confused with Mexicans in Texas. In the land of sheiks with Cadillacs and concubines, he is regarded as personally...
Ready to Wait. For Indiana's enterprisers, who are bidding for a choice zone around the capital city of Riyadh, Tariki hiked his opening demand to a 60-40 profit split, also "integrated1' right up to the gas pump. Indiana's President John Eldred Swearingen publicly rejected these terms last week, but was obviously ready to bargain further. Foreign oilmen pointed out that Tariki's deal with the Japanese promised at best small profit in limited markets, and only after years of waiting; Western companies alone, with their tanker fleets, refining facilities and extensive marketing systems...