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King Ibn Saud & oil production riches....
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King Ibn Saud & oil production riches....

Item # 730895 ·

THE NEW YORK TIMES, July 28, 1947

  • Ibn Saud - King of Saudi Arabia
  • Standard Oil of New Jersey access
  • Kingdom transition to global petroleum superpower

Near the bottom of the front page is a two-column heading: "Ibn Saud Plans 270 Million Outlay, Financed by U. S. Oil Royalties" (see)
Complete with all 34 pages, light toning and a little wear at the margins, generally nice.

Background: In July 1947, King Ibn Saud’s strategic maneuvering marked a definitive shift in the global energy landscape as he integrated the Saudi oil industry into a broader American-led economic and security framework. This period was historically significant because it saw the finalization of the Aramco expansion, where the entry of Standard Oil of New Jersey and Socony-Vacuum provided the massive capital and market access necessary to transform Saudi Arabia from a struggling desert kingdom into a global petroleum superpower. By leveraging the Trans-Arabian Pipeline (Tapline) project and asserting sovereignty over offshore mineral rights during this exact window, Ibn Saud successfully bypassed British regional influence and secured a direct line to Western markets. This "plan" did more than just increase production; it established the "Oil-for-Security" paradigm, wherein the King traded guaranteed energy flows for American technical expertise—exemplified by the construction of the Dammam-Riyadh railroad—and a commitment to national defense, effectively laying the foundation for the modern Saudi state and the enduring, though often complex, geopolitical alliance between Riyadh and Washington.

Category: The 20th Century
Price
$68
100% Authentic: Original printing, never a reproduction.