Word: abu
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Dates: during 1970-1979
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...Israel would give up the Abu Rudeis oilfields on the Gulf of Suez. The fields now pump 36.5 million bbl. of oil a year, roughly 50% of Israel's total domestic needs. Without the crude, Jerusalem would be even more dependent than it is now on its chief foreign supplier, Iran, which has been growing increasingly critical of Israeli policy in recent months. The cost in foreign exchange would be $350 million per year, a critical sum for a country that is already running a deficit of $3 billion...
...Israelis would retain use of a road through the Abu Rudeis to supply their troops stationed at Sharm el Sheikh, the strategic point controlling access to the Gulf of Aqaba. One Egyptian suggestion to avoid clashes between the forces had been to give the Israelis 24 hours' use of the road and the Egyptians the following 24 hours. The Israelis, however, want the Egyptians to build a new access road...
...OILFIELDS. Besides withdrawing from the passes, Israel will turn back to Egypt the Abu Rudeis oilfields; since being captured in the Six-Day War, they have furnished 50% of Israel's domestic petroleum requirements. Egypt will resume operation of the fields, acquiring access to them over an Egyptian-controlled highway along the Gulf of Suez coast. Israel will service its troops remaining in the area by means of a parallel road. In places where the two roads come close to each other, Israel will build detours in order to avoid incidents. The U.S., meanwhile, will guarantee Israel alternative...
...ABU RUDEIS OILFIELDS
Under Scrutiny. Consisting of New England Petroleum Corp. and some 40 affiliates, Carey's company supplies oil to New York State utilities and others along the Eastern seaboard. It also explores in the North Sea, pumps crude in Abu Dhabi, refines in the Bahamas, ships round the world by tanker, truck and pipeline, and owns storage terminals with a capacity of 25 million bbl. Most of the Carey Corp.'s business is with industrial customers. But a subsidiary, Burns Bros., supplies heating oil to New York metropolitan-area homes. In Canada, the group's Caloil affiliate sells...