Word: iraqization
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...terrorists were attempting similar moves against Saudi Arabia's King Feisal. With the tacit approval of Damascus, a school for saboteurs was in full swing in the arid hills above the Sea of Galilee. Syria's leaders were even attempting to topple the neighboring socialist regime of Iraq, whose petroleum riches Syria would like to turn over to "the Arab masses...
...decree. Not even the weather has cooperated with the Baath: 1966 brought a crop failure that severely cut wheat and cotton production and drained Damascus of precious foreign exchange. Western banks have almost unanimously refused to lend further money. To try to recoup some cash, Jadid recently cut the Iraq Petroleum Co.'s pipeline through Syria and attempted to blackmail his Arab neighbor into giving him $100 million -a price that Iraq has refused...
...world's oldest known map" has fortunately not been missing for years, but has been and is safely housed in the Baghdad Museum (item No. 50711), Iraq. What our student saw was only a plaster cast of the object, but how can one expect a sophomore to know a cast when he sees...
...consolation to I.P.C., but every Western outfit in the Persian Gulf area may soon be paying more. Iran is demanding that its producers increase their output by 17.5% this year to boost its royalties to $625 million. Iraq wants production increased by 10% to bring its revenues to $372 million. Kuwait has decided that its $636 million annual take is not enough...
There is more than simple greed behind the pressure. The Persian Gulf countries want high pumping quotas as insurance against competition from new oil sources being developed in areas closer to world markets. By year's end Libya will pass Iraq in production, rank fourth in the Middle East (after Saudi Arabia, Kuwait ,and Iran). Algerian production is growing and tiny Tunisia became an exporter for the first time this year. Before long, Egypt will be in the market, thanks to a Phillips Petroleum strike near El Alamein announced last week...