Word: iraqization
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...areas of foreign-policy disagreement seemed to have shrunk in both size and importance, and the two governments had reached some new common ground. Especially gratifying to the British were two major decisions: ¶ The U.S. will join the military committee of the Baghdad Pact (Britain, Iran, Iraq, Pakistan, Turkey), as the British have long urged. Eisenhower & Co. made the decision shortly before the conference, announced it to the British as a highly pleasant surprise. The U.S. will not become a full member of the pact (as the British would like even better), but will take part in its planning...
...might be won ten years hence, the U.S. is encouraging schemes to free Western Europe from its overwhelming dependence on the Suez Canal. Last week leaders of the oil industry met in London to draw plans for a $500 million pipeline from the Persian Gulf to the Mediterranean through Iraq and Turkey, and to examine other ways of getting around Nasser. The world's shipyards are working at capacity building supertankers to carry Persian Gulf oil around Africa at no greater cost per barrel than smaller tankers going through Nasser's nationalized ditch...
...Suez Canal is restored to dependable use, they reported, the canal can handle only a small percentage of the increased flow, must be heavily supplemented with new pipelines to Mediterranean tanker ports. Under study is a $500 million pipeline with 60 million tons annual capacity, to run from Iraq to Iskenderuri, Turkey. Another idea is for an internationalized Middle East pipeline system administered by all transit countries, with oil companies simply paying for services rendered. By letting the Arab nations run the lines, the oil companies might lessen the dangers of sabotage...
...profitmaking organization." So says President Raymond Stevens of Arthur D. Little, Inc., the Cambridge (Mass.) research firm, which has done a notable job in reforming seven countries -at a price. Last week, adding luster to its reputation for solving social and economic problems from Iraq to Puerto Rico, A.D.L. took on two new projects: ¶ It contracted with the International Cooperation Administration and the Philippine government to expand 300 credit-lending rural coops. Organized in 1952 to free small farmers from local Chinese moneylenders, the co-op system needs expert management help. ICA will pay $368,000 to cover A.D.L...
Last year in Iraq, A.D.L. acted as ICA's agent in drawing up an exhaustive blueprint for industrialization. Iraq is now reclaiming sulphur from abundant natural gas, making paper from reeds, building a date-sugar plant to use its huge date surplus. A gas pipeline is being laid; new plants to make rayon, fertilizer and steel are rising; the nation's industrial bank is being reorganized...