Word: bbl
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...increase their own. Besides blocking Iraqi ships from using the gulf, Iran destroyed Iraq's main oil facilities at Fao in 1980. In 1982 Syria turned off the valve on Iraq's pipeline to the Mediterranean. Since then, Iraq has been exporting 3 only about 650,000 bbl. per day via pipeline through Turkey, I compared with a daily total of ; more than 3 million bbl. before the war. Iran, on the other hand, is still able to ship about 51.7 million bbl...
...weapon that the Argentines used to such deadly effect against the British in the Falklands war last year. Once the Super Etendards are equipped with the Exocets, the Iraqis would have a weapons system capable of hitting and blocking Iranian oil facilities that still ship an estimated 2.2 million bbl. per day of crude...
...economy. Before independence, Angola was a food-exporting nation; now it imports 90% of its needs. Oil remains Angola's most important resource, providing 82% of its foreign currency earnings of $1 billion. The drop in world demand, however, has shrunk production from 150,000 bbl. per day in 1980 to 115,000 bbl. last year. In these conditions, money has become virtually worthless, and an imaginative bartering system has replaced the official currency for many transactions...
...Persian Gulf oil countries lifted the posted price of crude oil (a theoretical figure on which royalties and taxes are based) by a stunning 70% to $5.11 per bbl. It will keep Arab oil revenues rising-helping to pay for the war against Israel-even as fewer barrels are shipped...
...month. Later they embargoed all oil shipments to the U.S. and The Netherlands, in punishment for their support of Israel. Last week, showing new unity and clout, ten Arab countries announced that production for November will be slashed a minimum of 25% below the September total of 20.5 million bbl...