Word: aqazadeh
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Dates: during 1986-1986
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...spark for a settlement came, surprisingly, from Iran. On the morning of Aug. 2, Iranian Oil Minister Gholamreza Aqazadeh approached Sheik Ahmed Zaki Yamani, his Saudi Arabian counterpart. The two men talked for about 90 minutes in Yamani's suite, which had a sweeping view of Lake Geneva. Since OPEC members were unwilling to make long-term promises to limit their oil production, Aqazadeh reasoned, Why not try an interim measure? He suggested a temporary return to the group's 1984 quota of some 16 million...
...part of the plan, Aqazadeh offered an unexpected concession. In the past, Iran had insisted that its production quota be twice as large as that of Iraq, with whom it has been at war for the past six years. But this time Iran dropped its usual demand. Iraq would be exempt from the agreement and could continue to produce at full capacity, about 1.8 million bbl. of oil a day. Iran would not really suffer either. It would keep pumping at present levels, lifting some 2.3 million...
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