Word: iraq
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Dates: during 1970-1979
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...sooner did Algeria and Nigeria post unilateral increases of up to $2.45 per bbl. on their low-sulfur crude than Libya raised the price of its own competing grade by a comparable amount. The increase, Libya's second in a month, was promptly followed by a rise by Iraq as well. Even Saudi Arabia, which is generally regarded as a pricing moderate in the cartel, tacked a $1.40-per-bbl. increase onto its top-of-the-line "berri" light crude. Late in the week, Iran started the whole destructive process all over again by jumping up its prices another...
...several of the same problems that were related to the downfall of the Shah of Iran: an absolute monarchy, a rapid pace of development, a large foreign military and industrial presence, and the potential for a troublesome insurgency. And oil. While hardly in the class of Saudi Arabia, Iraq or Iran, Oman does produce about 350,000 bbl. per day, with an income of $1.2 billion a year. It is the twelfth largest oil-producing nation in the world, and at its present rate has proven reserves for nearly half a century...
...France, where saboteurs had earlier blown up a $15 million nuclear reactor bound for Iraq, protesters from the Cherbourg suburb of Equeurdreville were urging the closing of another reprocessing plant. In Denmark, officials announced they were rethinking their plans for new plant construction, and in Sweden the atomic energy inspection board reported that two nuclear reactors similar to the one at Three Mile Island would have to be retrofitted with systems that would deflate any hydrogen gas bubbles...
During the height of the aerial bombardment, Begin said that Lebanese President Elias Sarkis was welcome to come to Jerusalem to negotiate peace with Israel. Begin also demanded that Syrian troops withdraw from Lebanon, and declared that such Arab states as Syria, Saudi Arabia and Iraq should admit Palestinian refugees now living in Lebanon. The Beirut government angrily declined the invitation, and Premier Selim Hoss dismissed the Begin offer as "blackmail." Lebanon needed the Syrians to maintain order, said Hoss, and in any case the matter was none of Israel's business. Ever ready with an inflammatory phrase, Palestine...
Saudi Arabia $35,200,000,000 Iran $20,700,000,000 Iraq $9,800,000,000 Libya $9,800,000,000 Nigeria $9,500,000,000 United Arab Emirates $8,600,000,000 Kuwait $7,700,000,000 Indonesia $6,500,000,000 U.S.S.R. $5,800,000,000 Venzuela $5,400,000,000 Algeria $5,100,000,000 United Kingdom $2,400,000,000 Norway $1,700,000,000 Mexico...