Word: caraballeda
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...last week's price-setting meeting of the Organization of Petroleum Exporting Countries in Venezuela, Saudi Arabian Oil Minister Ahmed Zaki Yamani picked up his Arab worry beads to take them along. He could have left them at home. During the two-day session at the beach resort of Caraballeda outside Caracas, Yamani gave his fellow oil ministers a tough display of Saudi Arabian power in oil politics. Arguing that the international economy is too weak and world oil supplies too high to support an increase over the current $12.70 per bbl. price, Yamani pushed OPEC in effect to accept...
Arriving in Venezuela on the first stop of his tour, Kissinger lost no time outlining a detailed American program for dealing with these issues. Addressing a symposium of diplomats, academics and businessmen in the seaside resort of Caraballeda, Kissinger promised U.S. action in six areas. These include greater U.S. aid through the International Monetary Fund and the Inter-American Development Bank, help in stabilizing commodity prices, and cooperation with the Latin American Economic System (SELA), a plan for regional economic cooperation founded last year...
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