Word: hisham
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...Iraqi ambassadors sought asylum in Britain, protesting what they called the "reign of terror and misery" of Saddam Hussein. Both Hamed Al-Jubouri, who retired two weeks ago as ambassador to Tunisia, and Hisham Al-Shawi, ambassador to Canada, also joined the Iraqi National Congress, an umbrella organization of anti-Saddam groups...
...chaotic era in the late 1970s and early 1980s of free-swinging prices set almost purely by market forces. But in the past few years the oil industry has been seeking new collaborations to restore some stability to both supply and demand. Explains Saudi Oil Minister Hisham Nazer: "We have become an integral part of the oil market of the U.S.A., and the return on our investment depends on the health of that market. This is a mutual benefit...
...Minister from Iran, which is eager to boost its income to help pay for its 7 1/2- year-old war with fellow OPEC member Iraq, heartily endorsed the 5% solution. But Hisham Nazer, the influential Saudi Arabian minister, was cool to the proposal. His country's severing of diplomatic ties with Iran last week after years of conflict with its Persian Gulf neighbor did not help matters...
...even those maverick producers seem ready to consider tightening their spigots. Last week in London, petroleum experts from non-OPEC countries met in an emergency session to discuss ways to mop up the glut. But OPEC is unlikely to follow suit. Saudi Arabia's Hisham Nazer and other oil ministers seem hesitant to discuss cutbacks, since some OPEC members flout existing quotas...
Last week Yamani's legendary power came to an end. In a royal decree, Saudi Arabia's King Fahd ibn Abdul Aziz dismissed Yamani, 56, as his Petroleum and Mineral Resources Minister, a post he had held since 1962. Planning Minister Hisham Nazer, a longtime Yamani rival, was named to take his place until a permanent new oil minister is named. Nazer's first official act was to call for an emergency meeting of the pricing committee of OPEC, whose 13 members include Nigeria, Venezuela and Indonesia, as well as seven Arab countries. The avowed purpose of the meeting, which...