Word: abu
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Dates: during 1970-1979
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...agreements on an end of the economic boycott, the opening of the Suez Canal (see following story) and the beginning of trade relations as the price of further Israeli withdrawal. For tactical reasons, Rabin has now set his sights much lower. He will not agree to give up the Abu Rudeis oilfields, which now provide Israel with 50% of its petroleum needs, or the Giddi and Mitla passes in the Sinai without substantial Egyptian concessions. But for a renewal of the terms of disengagement between Israel and Egypt, he says he is prepared to withdraw Israel's forces...
...Israel is a state which belongs nowhere because it comes from nowhere," said Lebanese Delegate to UNESCO Halim Said Abu-Izzeddin. Explaining the conference's measures, UNESCO's new head, Amadou Mahtar M'Bow of Senegal, declared: "UNESCO is composed of almost the same member states as the U.N. It is natural that the problems which perturb the world today should find an echo there...
...with its economic problems, now seems more amenable to peace talks than Damascus. Toward that end, Israeli Foreign Minister Yigal Allon will visit Washington next week. One difficulty is that Israel so far appears unwilling to agree to a key Egyptian point in these talks: the return of the Abu Rudeis oilfields, which were captured by Israeli forces in the Six-Day War and have been pumping out oil for Israel ever since...
...posted price as well as the higher taxes and royalties, its costs per barrel could jump as high as 55?, to about $10.35. At a meeting of security analysts in Manhattan last week, Exxon Chairman J. Kenneth Jamieson said he was "somewhat mystified" by the impact of the Abu Dhabi decision. But he estimated that the rise in royalties and taxes alone would add 45? to Exxon's cost for a barrel of Arabian light. This cost, he said, "will have to be passed on to the consumer," and would amount to at least another penny added...
...price structure will be implemented immediately by Saudi Arabia, Qatar and the United Arab Emirates. Iran, also present at the Abu Dhabi meeting, has a plan of its own: the posted price would be replaced by a single price for oil, linked to the cost of a "basket" of 20 to 30 commodities on the world market. As inflation drove these commodities up, oil prices would also rise...