Word: mi.
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...fifty-fifty profit split that Middle Eastern governments give foreign prospectors. To Italy's state-run ENI and its ambitious boss. Enrico Mattei, Iran granted twelve-year drilling concessions for a strip on the Gulf of Oman, a submerged area off Abadan, and a promising 6,800-sq.-mi. area south of the fabulous Qum find (TIME, May 6). But to Iran ENI gave up to 75% of the profits from any oil find it may make...
...Compared with 8,346,137 pop. for London's 693 sq. mi., 7,771,509 for New York's 319 sq. mi. Greater Tokyo (which includes the sprawling port of Yokohama) is also much more heavily populated (approximately 20 million) than either the New York metropolitan area (15.5 million) or Greater London (10 million...
...Service President W. Alton Jones announced record first-half profits of $36,315,490, and its wholly owned subsidiary, Dhofar-Cities Service Petroleum Corp., announced a second oil strike in the district of Dhofar in the sultanate of Muscat and Oman.* The two wells, on a 32,000-sq.-mi. concession held by Dhofar-Cities Service in partnership with Richfield Oil Corp., may mark the beginning of a major new Middle Eastern field...
Satellites & Earaches. The "city," essentially, is no more; its 455-sq.-mi. area with 2,000,000 inhabitants is only a mother country, and its satellites sprawl around its perimeter for 4,853 sq. mi.-more than three times the size of Rhode Island-overreaching Los Angeles County, enveloping adjacent Orange County to the south. It is the nation's fastest-growing megalopolis, with a population (6,000,000) exceeding that of Montana, Idaho, Wyoming, Colorado, New Mexico, Utah and Nevada combined. And, like an energized amoeba, it is bewilderingly fertile...
Oilmen from coast to coast awoke to what Phillips and Home Oil had suspected: the entire area from Great Slave south to Lesser Slave Lake and west to the Rockies, some 100,000 sq. mi. in all, was probably underlain with a thick common bed of rich oil-bearing formations, forming a vast new oil domain, where a wildcatter could spend a lifetime drilling and not exhaust the chances of a new find. Said Phillips' divisional manager, D. L. Potter: "This opens up a virgin wilderness of vast potential...