Word: iraqization
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...Burma, Ceylon, Ghana, Guinea, Ethiopia, Sudan, India, Indonesia, Yemen, Cambodia, Mali, Morocco, Nepal, Saudi Arabia, Somalia, United Arab Republic, Lebanon, Algerian Provisional Government (F.L.N.), Tunisia, Cyprus, Afghanistan, Cuba, Iraq, Yugoslavia; observer nations: Brazil, Bolivia. Possible participant: Cyrille Adoula of the Congo...
...claimed, his oil-rich neighbor had offered him $112 million a year if he would drop his claims and guarantee Kuwait's independence. Rejecting the offer, Kassem snorted: "The issue is not a matter of money, oil or bribes, but of a holy land." He added: "Anyway, Iraq is rich...
When rumors spread throughout the oil world from Baghdad to Manhattan last week that Iraq, out of pique at Britain, was planning to nationalize its oil industry, worried oilmen instinctively turned their eyes to Rome, as Iraq's likeliest collaborator. There, in a modest Rome office, sits lean and nervous Enrico Mattei, 55, the chief of Italy's state-owned oil and gas monopoly, called E.N.I, (for Ente Nazionale Idrocarburi). By shrewdly bargaining with any government that wants to deal in oil, Mattei has made E.N.I, so powerful that Italians dub it "the state within the state...
...Though Iraq heatedly denied that it had approached Mattei to supply 500 technicians or that Baghdad even considered nationalizing the giant Iraq Petroleum Co.,* a Mattei aide confirmed that the Iraqis have been dickering with E.N.I, as long as a month...
...Iraq, Mattei is more than ready to take on the Western oil majors there, or anywhere else. "Now we have experience," says he. "Now we have our staff of thousands of engineers, geologists, chemists and other specialists. Now I'm in the same situation as the big oil companies." And he adds: "I'm not afraid...