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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 24, 1962
Page
5
Libyan Desert oil rigs will bring about $120 million annually by midsummer, accelerating the young nation’s integration into Arab rivalries and East West conflicts. Libya today is a peaceful kingdom led by 73 year old King Idriss.
In New York the UN archivist preserves 100000 audio discs of 16 years of debates while a vault stores artifacts from Greece to Rome. Fidel Castro’s four hour speech, future switch to tape, and broad archives accompany notes on Libya's oil wealth and development gaps.
Libyan oil firms led by Esso Standard and Oasis have struck it rich, with seventeen more seeking access and $800 million already spent. Kings, ministers, and Arab leaders shape a tense political scene as Idriss maintains a quiet, popular rule, suppressed separatist pockets, and expanding education including a new university as Libyan schools soar to 150,000 students.
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