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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 30.

Multiple Choice Questions

1. The "Neutral Zone" was between Saudi Arabia and which other country?
(a) Syria
(b) Iraq
(c) Kuwait
(d) Egypt

2. Which country was not represented at the meeting?
(a) Russia
(b) Germany
(c) England
(d) The United States

3. What project did Nixon introduce to make the US less oil dependent?
(a) Project Freedom
(b) Project Independence
(c) Project Eagle
(d) Project Arabia

4. The deals between countries and oil companies for royalties and other fees were referred to as what?
(a) Ten/Ninety Deals
(b) Sixty/Forty Deals
(c) Twenty/Eighty Deals
(d) Fifty/Fifty Deals

5. Who set up the Eastern and General Syndicate to develop business opportunities in the Middle East?
(a) Winston Churchill
(b) Frank Holmes
(c) Thomas Neville
(d) Robert Nelson

Short Answer Questions

1. In August 1928, Deterding met where with Heinrich Riedemann of Jersey Standard-Germany, Cadman of APOC, William Mellon of Gulf, Robert Stewart of Indiana and others to discuss the oil industry?

2. Who was the first country to begin using the practice of "rents?"

3. OPEC lifted the embargo in what year?

4. For producing nations, oil was a source of what?

5. Who struck a deal with Saudi Arabia for $9.5 million up front; $1 million a year, whether or not oil was pumped; and a royalty of $0.55 per barrel?

(see the answer key)

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