Word: dhabi
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...accomplished fairly easily by seven of the OPEC members: Iran, Venezuela, Indonesia, Iraq, Nigeria, Algeria and Ecuador. They have relatively big populations and much poverty?hence much need for internal development. The huge problem is that six other, lightly populated Arab states?Saudi Arabia, Libya, Kuwait, Abu Dhabi, Dubai and Qatar?are collecting far more money than they can possibly spend. These six, embracing only 9.3 million people, earned $54.7 billion from oil last year. For all their industrialization and social welfare, their military and foreign aid, they can dispose of only a fraction of that total, leaving a combined...
...members of OPEC, in order of last year's earnings are: Saudi Arabia, Iran, Venezuela, Nigeria, Libya, Kuwait, Iraq, United Arab Emirates, Al geria, Indonesia, Qatar, Ecuador and Gabon, which is an associate member. The United Arab Emirates is a federation of Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Quwain, Ras al Khaimah and Fujairah...
...Saudi move, made independently of the Organization of Petroleum Exporting Countries and followed by Qatar and the United Arab Emirates, was announced at a meeting of six OPEC states in Abu Dhabi. For Saudi Arabia, by far the largest producer, the complex new policy works like this...
...posted price as well as the higher taxes and royalties, its costs per barrel could jump as high as 55?, to about $10.35. At a meeting of security analysts in Manhattan last week, Exxon Chairman J. Kenneth Jamieson said he was "somewhat mystified" by the impact of the Abu Dhabi decision. But he estimated that the rise in royalties and taxes alone would add 45? to Exxon's cost for a barrel of Arabian light. This cost, he said, "will have to be passed on to the consumer," and would amount to at least another penny added...
...price structure will be implemented immediately by Saudi Arabia, Qatar and the United Arab Emirates. Iran, also present at the Abu Dhabi meeting, has a plan of its own: the posted price would be replaced by a single price for oil, linked to the cost of a "basket" of 20 to 30 commodities on the world market. As inflation drove these commodities up, oil prices would also rise...