Word: anglo
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Rodrigues recalls discussions with one British captain over the apartheid policy in South Africa, with another on the Anglo-Iranian oil troubles, with a Japanese captain on his country's contrition about the war, with an Egyptian captain on the merits of Naguib and Farouk, with a German captain on the EDC army, with a French captain on the instability of his government, and with an American captain on U.S. foreign aid. But Rodrigues has never argued with Russian captains. They pretend to understand nothing, he says, but navigational directions...
...Nobody was more relieved than American Independent Oil Co.'s President Ralph K. Davies, 55, the man who raised the $30 million for the gamble. With nine other independent producers, Davies formed Aminoil in 1947 to give independents, as well as majors, a Middle East concession. Gulf and Anglo-Iranian had sewed up Kuwait; Aramco (jointly owned by Standard of California, Texas, Jersey Standard and Socony-Vacuum) had a grip on Saudi Arabia. But nobody had the "no man's land" between-the Neutral Zone jointly run by the Sheiks of Saudi Arabia and Kuwait. Davies leased...
Clad in pajamas, lying in bed, Mohammed Mossadegh, the old man of Iran, played the waiting game. Five times in two years either Britain or the U.S. had hurried to his bedside with offers to settle the dispute over Iran's nationalization of the Anglo-Iranian Oil Co.'s billion-dollar properties. Five times he said no. Each time he left the door ajar and each time his callers returned bearing still more tempting offers. For the longer he waited in his bed, the weaker Mossadegh seemed, and the more anxious the West grew to prop...
Five weeks ago, U.S. Ambassador Loy Henderson brought Offer No. 6. It was by far the best. Britain offered to drop its legal blockade of Iran's oil, asked in return that an impartial third party be chosen to fix the compensation for Anglo-Iranian. The U.S. added its own bonus: a promise to purchase $130 million worth of Iran's oil, $50 million of the amount to be advanced immediately on account...
...Road Back. Instead of locating refineries close to production, Anglo-Iranian decided to build close to its market. And though it would cost more to ship crude to distant refineries than to refine it at the source, the savings in foreign expenditures outside the sterling area would more than make up for higher British wages...