Word: gaddafi
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...Almost Immediately, the attack began. Texaco and Standard Oil of California sued in Italy to recover from a Sardinian refinery a total of 640,800 bbl. of crude. The companies contend that the oil was pumped from their concessions in Libya and sold by the government of Colonel Muammar Gaddafi in violation of their contract rights...
...Jordan. The little kingdom has been a virtual outcast in Arab ranks ever since September 1970, when Hussein and his army clamped down, with much bloodshed, on the fedayeen operating in his country. The crackdown cost Jordan's King a badly needed subsidy from Libya's Muammar Gaddafi ($20 million annually) and froze Kuwait's substantial contribution ($40 million annually) to Jordan. In August 1971, after the Jordanians threw out the remaining fedayeen forces, neighboring Syria severed diplomatic relations. A year later, Sadat broke relations over Hussein's proposal for the creation of a United Arab...
...merger of Egypt and Libya. While Waldheim was in Damas cus, where he got an unexpectedly cordial reception from Syria's government heads, Egypt's President Anwar Sadat was closeted at his country home, 50 miles north of Cairo, with Libya's mercurial strongman, Colonel Muammar Gaddafi. Sadat had just concluded a jet-propelled, hush-hush tour of his own to two oil-rich neighbors and Syria. With Saudi Arabia's King Feisal and the Emir of Qatar, Sadat had discussed how best to use Arab oil and funds in the fight against Israel...
...merger plan that Sadat and Gaddafi announced last week fell far short of the Libyan leader's proclaimed goal of immediate union. Instead of a long-promised binational referendum that would declare "merger day," the agreement provided for a series of inching steps, certain to be slow, although no timetable was set. Egypt and Libya were to form a mixed Assembly, with 50 members from each nation, to draft a constitution. They will exchange resident ministers and establish a higher planning council. They will also issue a new currency-the Arab dinar-but only for transactions between their...
...Middle East must walk a political tightrope. They are increasingly dependent on Arab nations for crude to supply their, refineries, and the leaders of those countries are growing ever more aware of the power that their control of a vital industrial resource confers. Libyan Strongman Colonel Muammar Gaddafi, for example, recently called on the Arabs to use their oil as a political weapon in their campaign against Israel and backed up his vague threat by nationalizing one small American-owned oil firm...