Word: abu
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Dates: during 1970-1979
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...Israel was prepared to give up as many as 50 miles in some parts of occupied Sinai. Sadat rejected this proposal as "unacceptable," on the ground that the Israelis were not willing to surrender either the strategic Mitla and Giddi desert passes or the captured Egyptian oil wells at Abu Rudeis, which supply Israel with about 60% of its petroleum...
...question is: What will Allon propose now? Officials in Jerusalem hint that Israel might return the oilfields if it received a guaranteed substitute source (possibly the U.S.) for the 25 million bbl. Abu Rudeis now pumps out annually. Israel might also give up the passes, according to these officials, if: 1) the area were demilitarized, 2) the term of the disengagement ran for several years, 3) Israeli cargoes (though not necessarily Israeli ships) had rights of passage through the Suez Canal, and 4) Egypt tacitly agreed to some kind of assurance of nonbelligerence. Egypt may find some of these points...
...This can be accomplished fairly easily by seven of the OPEC members: Iran, Venezuela, Indonesia, Iraq, Nigeria, Algeria and Ecuador. They have relatively big populations and much poverty?hence much need for internal development. The huge problem is that six other, lightly populated Arab states?Saudi Arabia, Libya, Kuwait, Abu Dhabi, Dubai and Qatar?are collecting far more money than they can possibly spend. These six, embracing only 9.3 million people, earned $54.7 billion from oil last year. For all their industrialization and social welfare, their military and foreign aid, they can dispose of only a fraction of that total...
...Abu Dhabi. But those figures did not reflect living standards because the quick cash has not had time to filter down to the people. Bureaucracies strained to figure out ways to spend at home. Kuwait expanded one of the world's most all-encompassing welfare states. To hold down food prices, most of the big oil producers subsidized imports of staples. Office buildings, low-rent apartments and supermarkets rose almost everywhere. Some planners worried about keeping a work ethic going. Said a Saudi government minister: "We will have to be very careful not to spoil our citizens. Our people will...
...members of OPEC, in order of last year's earnings are: Saudi Arabia, Iran, Venezuela, Nigeria, Libya, Kuwait, Iraq, United Arab Emirates, Al geria, Indonesia, Qatar, Ecuador and Gabon, which is an associate member. The United Arab Emirates is a federation of Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Quwain, Ras al Khaimah and Fujairah...