Word: hassan
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...harshest setback came from Iran itself. No sooner had Hassan Nazih, the new head of the National Iranian Oil Co., announced that NIOC would resume exports, than he was telling cheering oil field workers that Iran would be raising prices by as much as 50%, to $18 to $20 a barrel. At the same time, said Nazih, the Country would cease dealing with the London-based oil consortium', headed by British Petroleum, that has exclusive long-term contracts to buy NIOC exports...
...Reza Pahlavi. Iran's government, declared Foreign Minister Karim Sanjabi, would press for the Shah's extradition "until there is no place he can go except for Israel or South Africa." Indeed, the Shah's sojourn in Morocco may soon end. Last week his host, King Hassan II, formally recognized the Bazargan government. The crew of the Shah's royal 707 jet flew the plane, complete with its gold-plated bathroom fixtures, back to Iran. "If anyone offers you a job, take it," the gloomy monarch reportedly advised his dwindling entourage last week...
...failure to find some sort of compromise could also trigger a global banking panic, and that is something that would hurt Iran's creditors as much as Iran itself. Reports that Abol-Hassan Banisadr - said to be a leading candidate for Finance Minister in the regime that Ayatullah Khomeini wants to establish - plans to write off an undisclosed portion of Iran's foreign debt if cho sen for the post, were hardly reassuring. Said a Citibank vice president bravely: "Whatever comes out of this will be a sensible decision. Someone will be there with a level head...
...recently that a beneficial working relationship is "most definitely possible" with Washington. The crucial factor, he insists, is that any future trade relationship be based on an equitable exchange of goods and not distorted by extravagant sales of sophisticated weapons. At the same time, Khomeini's top economic adviser, Hassan Abdul Banisard, has implied that oil production will probably have to be cut in half to regulate the flow of capital into Iran...
Since 1974, Iraqi President Ahmed Hassan Bakr, 64, has been quietly moderating his government's foreign policy even as he modernized his country's landscape. Last week TIME's Cairo bureau chief, Dean Brelis, visited Iraq, a California-size country of 12 million people, with 34,500 bbl. in proven oil reserves. His report...