Word: bbl
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...last of the 647 oil-well fires ignited by the Iraqis was extinguished in November, months ahead of schedule. Kuwait is producing 500,000 bbl. of oil a day, well on the way to matching its prewar quota of 1.5 million bbl. Vast lakes of spilled petroleum remain to be drained from the desert sands, but the Kuwait Oil Co. is already pumping 35,000 bbl. daily from those lakes. The blackened skies over the city have cleared, and the air is cleansed of acrid smoke...
...1980s, Harken was bloated and indebted, but it won a windfall. Bahrain, which produces a mere 42,000 bbl. of oil a day (Saudi Arabia's output: more than 8 million), decided to hunt for more crude. In 1989 Bahrain officials suddenly and mysteriously broke off promising talks with Amoco. One minister then telephoned an old friend, Michael Ameen, the respected former head of Mobil's Middle East operations. "They wanted a small American company," claims Ameen, who says he drew a blank. But 10 minutes later, Ameen got a call from an investment banking friend in Arkansas, who recommended...
...concerns. Last week the Department of Energy attempted to sidestep congressional deliberations on the matter and ship the first load of waste to the plant. It was halted after New Mexico filed a federal lawsuit, and the DOE agreed to postpone the shipment. For the time being, 1 million bbl. of the deadly stuff continue to sit in temporary storage, as they have for decades...
...says it is "a great fantasy" to think aid to Cuba has much effect on the Soviet economy. "What we give Cuba is a drop in the sea," he says. It is also apparently beyond the Soviet Union's present capabilities. Last year Moscow promised to deliver 100 million bbl. of oil but managed only 70 million. For 1991 the Soviets are to match the 70 million, but Cuban trade experts doubt it will happen. "We can no longer count on them," says a senior official in Havana...
Saudi officials even claim that the country is slightly strapped for cash. The government has been forced to borrow $7 billion to fulfill commitments to the U.S.-led alliance. Despite a wartime surge in oil production from 5.5 million to 8 million bbl. a day, Western economists estimate a budget deficit of $25 billion this year. Skittish about both the expense and foreign entanglements, Fahd has reneged on an agreement to base a Pan-Arab defense force composed primarily of Egyptian and Syrian troops on Saudi soil. The plan envisaged an exchange of Egyptian and Syrian military manpower for economic...