Libya: Pumping Up Profits

A dozen sheep were ceremonially slaughtered, the tanker British Confidence blasted a salute, and Libya's 76-year-old King Idris last week officially opened his country's newest oil port at Marsa Hariga, two miles from Tobruk. To mark the occasion, the desert monarch was handed a $5,000 gold key by Texas' Nelson Bunker Hunt, 40, second son of H. L. Hunt and half owner of the oil company that made the Marsa Hariga facilities possible. The other 50% interest is held by British Petroleum Co., and the firm is named — logically, if not lyrically— BP Bunker...

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