Word: anglo
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Adenauer was in Britain on a "goodwill visit." Although he discussed with Anthony Eden such Anglo-German problems as the release of German war criminals, his chief objective was to dramatize the public acceptance of "peaceful" Western Germany by her former enemies. "We hate war," he said earnestly to 150 coldly polite M.P.s who received him at the House of Commons. "The Germans hate...
When Timesman Clark replied that he was only reporting "what I saw with my own eyes and heard with my ears," Fatemi snapped: "You are expelled from Iran . . . You are an agent of the former Anglo-Iranian...
...Anglo-Iranian Oil Co. had some bad news for Iran. Last week in his annual report for 1950, Anglo-Iranian Board Chairman Sir William Fraser disclosed that the company has already made up from other sources two-thirds of the oil lost when its property in Iran was nationalized. The squeeze on world oil supplies, which had been a strong bargaining point for Iran, was fast ending. Production has been stepped up in fields in which Anglo-Iranian has an interest in Kuwait, Qatar and Iraq...
...Kuwait alone, where Anglo-Iranian splits production with Gulf Oil Corp., output is close to 800,000 bbls. a day, compared to 640,000 bbls. a day from Iran before nationalization. And last week Anglo-Iranian and Gulf assured the steady flow of Kuwait oil by signing a 50-50 profit-sharing agreement with the Sheik of Kuwait. By expanding its refineries all over the world, Anglo-Iranian expects to make up by 1953 for the loss of the Abadan refinery...
Increased production, sales and prices raised Anglo-Iranian's net profit in 1950 to $94.5 million (v. $51.6 million in 1949), the biggest ever earned by a wholly British corporation. Despite the nationalization trouble, stockholders will get their regular 30% dividend* or 84? a share. Iran's slice for 1950 was $45 million in royalties. If Iran had accepted the company's 1949 proposal to increase royalties, Iran's 1950 royalties would have been $94 million. This year, said Sir William, under a new proposal for a 50-50 profit split, Iran would have received about...