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Word: hoveida (lookup in dictionary) (lookup stats)
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...demand for oil. For the Iranian year that ends March 20, the country's oil revenues will be about $3 billion less than expected. As a result, Iran's $45 billion budget for the coming year projects a deficit of $2.4 billion. Prime Minister Amir Abass Hoveida characterizes that sum as a nachees (Persian peanut), but it will nonetheless be Iran's first deficit in a decade. Last week the government officially announced that it was trimming its price for heavy crude by 9½? per bbl., to $11.40, a gesture aimed at increasing Iran...

Author: /time Magazine | Title: IRAN: Shah on a Shoestring | 3/1/1976 | See Source »

...trying to press Westerners to buy more Iranian oil. Last year, claiming that its profits were being squeezed, the eight-country consortium that buys most of Iran's crude reduced its purchases by 750,000 bbl. a day and turned to cheaper Iraqi, Saudi, and Kuwaiti oil. Premier Hoveida charged the companies with a breach of the 20-year contract with Iran that they signed in 1973. The Shah suggested to the British government (which owns 70% of British Petroleum, the company that leads the consortium) that Iran might not be able to buy all of the British industrial...

Author: /time Magazine | Title: IRAN: Shah on a Shoestring | 3/1/1976 | See Source »

...with the primary mission of protecting Arabs and Iranians alike in the Persian Gulf, from which 86% of the non-Communist world's crude shipments originate. The gulf at its neck narrows until the supertanker channel is only twelve miles wide at the Strait of Hormuz, which Premier Hoveida calls "our jugular vein." Iran worries that dissident forces, like the radical Popular Front for the Liberation of Oman, which is currently fighting Sultan Qabus in Oman, could block the strait by sinking a supertanker. The Shah's response has been a pride of military powers so vast that...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

...Majlis or lower house and a Senate and Premier. In fact, the Shah is one of the world's few remaining absolute monarchs. He guides all of Iran's essential business and makes the final decisions. Searching for a comparison to the Shah's power, Premier Hoveida considers the most recent parallel to have been the French presidency under Charles de Gaulle. "Parliament does not impede the executive," Hoveida explains, "so we have a more efficient system and there is a dialogue...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

...armed forces, which have a lavish pay scale matching those of most corporations, constantly vie with private industry for talent. Universities have room for only one of every ten hopeful students who apply. The Shah's immediate circle of advisers is also surprisingly small. Among them are Premier Hoveida, 54, a dapper man who has held his job nine years; Hushang Ansary, 46, Minister of Economic Affairs and Finance; Amir Assadullah Alam, 55, who acts as the sovereign's right hand as minister of the court; and Jamshid Amuzegar, 51, who until recently served as the Shah...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

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