Word: algerias
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...Middle East, Gaddafi was supported by the Palestine Liberation Organization, Syria, Algeria and South Yemen. P.L.O. Chairman Yasser Arafat, whose commandos have received sizable amounts of arms and ammunition from Libya this year, called the air clash "the beginning of a new phase in the conspiracy against Libya and the Arab nation." Israelis, on the other hand, were relieved. "This will make our lives much easier," said a high-ranking officer in Jerusalem. As for Gaddafi's old enemy Anwar Sadat, the Egyptian President said nothing, perhaps to avoid the appearance of gloating. After weeks of rumors that...
Though the oil ministers did much rhetorical waltzing during the two-day session, they were never able to break the deadlock that has for months gripped the cartel. Saudi Arabia has been pushing for pricing moderation against a group of price hard-liners led by Libya, Algeria, Iran and Iraq. Throughout the conference, Saudi Arabia's petroleum minister, Sheik Ahmed Zaki Yamani, offered to raise the price of Saudi crude, now selling for as little as $32 per bbl., to perhaps $34. In return, the Saudi negotiator insisted that the price hawks cut their prices from...
...market back up, was precisely what the six OPEC ministers had gathered in Geneva to discuss. At the meeting was not just Saudi Arabia's Sheik Ahmed Zaki Yamani, whose nation accounts for almost half of the cartel's oil output, but representatives of Kuwait, Nigeria, Algeria, Indonesia and Venezuela as well...
...winter months because of "technical reasons," according to the Soviets. European experts tend to believe the Soviets on this point and feel that they have little to fear from future cutoffs of the new pipeline. The Soviet Union is considered a far more reliable supplier of natural gas than Algeria, Nigeria, Iran and other potentially large suppliers. Said Count Otto von Lambsdorff, the West German Economics Minister: "I have complete confidence that the Soviets will fulfill their responsibilities...
...used to resolve the dispute over interest payments between Iran and the banks. The $4 billion claims account is intended to settle some of the 300 legal cases pending against Iran. Finally, and only after the hostages had flown out of Iranian air space, the Central Bank of Algeria transferred $2.8 billion directly to Iran. That was the total amount that the Iranians immediately got out of the deal; in six months or so, they may get at least a billion in funds left over from the claims account...