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  • Zapata Oil [ businesses-organizations ]

    An oil exploration business set up by George HW Bush which was never notably profitable in the usual commercial sense, and seems to have worked more as a front for a range of espionage and covert operations. The company was started with assistance from Allen Dulles and (fellow bonesmen) H. Neil Mallon and Bush's maternal uncle, Herbert Walker, an investment banker, who put up the capital. Walker was instrumental in bringing in others such as Eugene Meyer (owner of the Washington Post, who investments were handled by Brown Brothers Harriman). A CIA internal memo dated November 29, 1975 confirmed that Zapata Petroleum began in 1953 through Bush's joint efforts with Thomas J. Devine, a CIA staffer who had resigned his agency position that same year to go into private business, but who continued to work for the CIA under commercial cover.Continue reading