Word: kuwait
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Dates: during 1980-1989
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...valve on Iraq's pipeline to the Mediterranean, reducing Iraq's oil exports to a mere 650,000 bbls. per day and its 1983 income to $9 billion. But with some discreet U.S. economic help and huge quantities of money from its Arab friends, including Saudi Arabia, Kuwait and the United Arab Emirates, Iraq has weathered its financial problems...
...Khomeini stretches from the Persian Gulf to the Mediterranean-or beyond. Khomeini supporters were said to have been behind the food riots in Tunisia and Morocco earlier this year; authorities also believe that the Iranian-sponsored Al Dawa Party, a group of Iraqi subversives, organized six car bombings in Kuwait last December. Most alarming, some 2,000 Islamic Guards are positioned just inside the Syrian border, from where they make frequent trips into Lebanon to train Shi'ite terrorists. The government refuses to acknowledge ties with Islamic Jihad, the terrorist group that has claimed responsibility for the suicide bombing...
Arco and Socal, including such non-oil giants as General Electric and Allied. (Another rumored bidder: the government of Kuwait.) The firms were shown the confidential data only after pledging not to make an unfriendly takeover bid for at least three years. According to some Pittsburgh insiders, Gulfs board could meet at any time to discuss possible bids. The asking price could be as high as $80 a share, or $13.2 billion. The firm considered most likely to make that offer was Arco, on whose behalf Chase Manhattan bank was assembling a $12 billion line of credit from as many...
...might decide to use the Super Etendard fighter-bombers it bought from France last fall to attack Kharg Island, Iran's principal oil terminal. Iran has repeatedly said it would retaliate by blockading the strait, thereby halting shipment of most of the oil produced by Saudi Arabia, Kuwait, Qatar, the United Arab Emirates and Iran. Last week Iranian officials warned again that if the U.S. and its supporters try to intervene in the war "their fate would be decisively worse than their fate in Lebanon." The U.S. has been urging restraint on Iraq to avoid any provocation that would...
Fowzi E. Farah Safat, Kuwait...