Word: aramco
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...People got interested here [at Harvard]," he says. "They brought in the State Department and the Rockefeller Foundation and [the oil company] ARAMCO to decide if there was a need for a Center for Middle Eastern Studies...
Born of Palestinian blood and raised in an American compound in Saudi Arabia, Khalil is accustomed to being different from those around her. Her father works for Aramco, the Arabian-American oil company, and her mother is a housewife. Growing up in the compound, Khalil escaped many of the strictures that Saudi Arabia imposes on women. Life at the compound acquainted her with Western ways that eased her transition into her California boarding school...
According to Texaco lawyers, the IRS claim relates largely to the company's oil dealings between 1979 and 1981. As a member of a consortium known as the Arabian American Oil Co. (Aramco), Texaco bought crude from Saudi Arabia for $28 per bbl., even though the official going rate was $32 per bbl. The IRS appears to be saying that Texaco should have considered the $4-per-bbl. price break to be income and paid taxes on it. The other members of Aramco -- Exxon, Chevron and Mobil -- could also face penalties, but they have not heard from the taxman...
...calm following a fit of frenzy two weeks ago. After blaming the U.S. for riots that killed nearly 300 Iranian pilgrims in Mecca, Ayatullah Ruhollah Khomeini launched four days of war games in the strait and loudly promised to settle the score. Late last week an explosion at an Aramco gas plant on the Saudi Arabian coast raised fears that Iran was stepping up its campaign of terrorist subversion against its gulf neighbors. Some 20 workers were killed. Earlier, Iranian officials paid lip service to a United Nations Security Council resolution that called for an end to the Iran- Iraq...
...operating in all 48 states. Texaco ventured overseas in 1936, when it teamed up with Standard Oil of California to market Middle Eastern oil. It also bought an interest in California Arabian Standard Oil, which held a major concession in Saudi Arabia. That company later became Aramco, a consortium that joined Saudi Arabia and American producers...