Word: dhabi
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...Five other countries joined Libya, Saudi Arabia and Abu Dhabi in shutting off all oil exports to the U.S. Washington officials estimated that the embargo will reduce U.S. supplies, directly and indirectly, by 1,500,000 bbl. to 2,000,000 bbl. a day, or around 10%. That is a serious threat to a nation that had good reason to fear a winter shortage of heating oil even before the war began...
...Five countries-Kuwait, Algeria, Iraq, Abu Dhabi and Qatar-extended the export embargo to The Netherlands. The Arabs have been incensed by reports-denied by The Hague-that the Dutch government has offered alternative transit facilities for Soviet Jews emigrating to Israel, replacing the center that Austria promises to close (see following story). The Netherlands is also an important exporter to the U.S. of heating oil as well as other petroleum products refined from Arab crude. Thus the Arabs may well have hit The Netherlands in order to further squeeze...
This divide-and-conquer energy diplomacy is already yielding political and economic dividends for the Arabs. In Japan, a consortium of bankers said that they would go ahead with a loan of $30 million to Abu Dhabi, supposedly to build roads and hospitals. European banks had refused to make a similar loan because they feared that the money would really be used to finance the war against Israel. But the Japanese bankers, who are heavily influenced by the Tokyo government, evidently felt that they were in no position to refuse: Japan has to import nearly all its oil, 82% from...
...Washington through the nations of Western Europe and Japan, which are more dependent on Middle East oil than is the U.S. Saudi Arabia promptly went further, first declaring an immediate 10% cutback in oil production and then cutting off all oil shipments to the U.S., as did Abu Dhabi, Libya and Algeria...
...output. But by week's end, as the war seemed to be going against the Arabs, he announced a total ban on oil shipments to the U.S. Presently, 3.4% of the crude oil consumed daily by the U.S. comes from Saudi Arabia. Libya, Algeria and Abu Dhabi also announced embargos...