Word: iranian
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Dates: during 1980-1989
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...been the font of their prosperity for decades, but now the wealthy sheikdoms of the Persian Gulf are almost literally swimming in the gooey, black liquid. Since March, three damaged Iranian wells have been spewing some 7,000 bbl. a day of crude into the waters of the gulf, producing an oil slick that is roughly the size of New Jersey and that may rank as the second largest in history.* Much of the menacing sludge rests just below the surface of the gulf's usually crystalline waters, but it is betrayed by a bluish sheen that...
Last week the Venezuelans were offered an allotment of 1.6 million bbl. a day, but they wanted 1.8 million. Burdened by a huge foreign debt, Venezuela needs higher oil output to help the country keep up interest payments. The Iranians were totally unrealistic. They demanded that archrival Saudi Arabia lower its output by nearly 10% to 3 million bbl. a day, while Iran be allowed to raise production to match that level. Iran, which is currently exporting only 1.5 million bbl. a day, is desperate to raise money for its continuing war with Iraq, another OPEC member. The threat...
...past ten years, the Ayatullah Jalal Ganje'i, 40, has been a professor of Islamic theology in Iran and Iraq. In the early 1960s he was a student of the Ayatullah Ruhollah Khomeini, the spiritual leader of the Iranian revolution. In those days, both men were opposed to the repressive rule of the Shah of Iran, and Ganje'i spent several years in jail for his dissident activities. After the Shah's fall, Ganje'i sided with what he calls the "progressive" Islam of the Mujahedin-e Khalq, a guerrilla organization that is now trying...
Since late 1973, when OPEC jacked up its charge for a barrel of oil from $3.07 to $11.65, crude prices have moved mostly in one direction: up. The big question, especially after the 1979 Iranian revolution ignited a wave of increases that pushed the official price from about $13 to $34, was: How high would the price go? Now the question is: How far will it drop? The answer, as ever, is: Nobody knows...
...unlawful arrests and urged respect for human rights, private property and individual privacy. Last week Khomeini took yet another popular step: he had the leadership of the small pro-Moscow Tudeh (Communist) Party arrested on charges of treason and espionage for the Soviet Union. Khomeini, said an Iranian clergyman, seemed to be telling his people, "As long as you don't oppose me, do whatever pleases...