Word: gulf
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Dates: during 1970-1979
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Next, the Gulf Organization for the Development of Egypt, a consortium of oil-rich Persian Gulf states that philanthropically pumped $1.7 billion into Egypt last year, advised Cairo that it was scrapping all pending projects. Finally, the Arab Organization for Industrialization, which was set up in 1975 to produce everything from helmets to helicopters with Egyptian manpower and $1.4 billion in financing from Saudi Arabia, Qatar and the United Arab Emirates, abruptly halted its operations. As a result, 16,000 Egyptians stand to lose their jobs...
...Senate recently voted to endorse the "internal settlement" and the so-called "elections" engineered by Prime Minister lan Smith. Massachusetts Senator Paul E. Tsongas, in opposing the Sentate bill to send an observer team to those "elections," compared Senate recognition of the white-dominated regime to the Tonkin Gulf resolution of 1964, which gave Congressional support to the escalation of the Vietnam...
...major offenders, according to DOE, were Texaco, which is accused of some $888 million in overpricing, and Gulf Oil, with $578 million. Behind them came Standard Oil of California, Atlantic Richfield, Marathon Oil, Standard of Indiana and Standard of Ohio...
...industry's big advantage is that it can produce more "facts" more quickly than any of its critics. Since the 1973 Arab oil embargo, the companies have greatly expanded their Washington staffs; Gulf Oil, for example, increased its corps of lobbyists, lawyers and aides from four to twelve...
...source, OPEC oil is cheaper than dirt. The cost of drilling, pumping and moving it from the Saudi Arabian deserts to Persian Gulf ports, for example, is about 30? per bbl. That is less than 1? per gal, since there are 42 gal. in one barrel. But by the time the crude is shipped, refined and sold as gasoline to U.S. motorists, the price rises more than...