Word: iraqization
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...TIME, Jan. 8). The British government, which controls Anglo-Iranian, feared that the Iranians, who now get considerably less than half of Anglo-Iranian's profits, would never settle for less than a 50-50 split. In addition, Anglo-Iranian and the five other owners of the Iraq Petroleum Co. had just about completed long negotiations with Iraq on a new contract. Now that deal, too, seemed certain to blow skyhigh...
...Afghanistan, Burma, Egypt, India, Indonesia, Iran, Iraq, Lebanon, Pakistan, the Philippines, Saudi Arabia, Syria, Yemen...
...U.S.S.R. proposed outright independence for Eritrea. Poland plumped for independence in three years, Pakistan in two. Iraq wanted an Eritrean...
...Caspian Sea area, north of Iran, and a markedly weak feature of its industrial system, is expected to top 35 million metric tons this year. (U.S. production: 262 million.) The Balkan satellites may divert two or three million more tons to Russia. The rich oilfields of Iran and Iraq would double Russia's oil output, but the Soviet Union would meet stiff U.S. and British opposition if it tried to seize them...
Tapline, which will deliver 350,000 barrels of oil a day to the Mediterranean coast, will change the oil-supply map of the world. The North Atlantic nations will get a much faster supply of oil because of the shorter Mediterranean route, previously fed only by Iraq Petroleum Co.'s pipelines from Kirkuk. Europe, long a big importer of oil from the Western Hemisphere, can now take more from the Middle East, leave Western Hemisphere supplies to the U.S., which now depends increasingly on imported...