Word: kuwait
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Dates: during 1980-1989
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...spill endangers marine life as well as industrial installations along the shoreline. The gravest threat is to the huge desalination plants that Kuwait, Qatar, Bahrain and the other arid nations depend on for their drinking water. From Saudi Arabia to the Straits of Hormuz last week, armies of workmen were ringing the shore with floating plastic booms designed to protect the plants' intake valves. Meanwhile, panicky shoppers in Qatar went on a hoarding spree, pushing the price of bottled mineral water to almost $1 a liter-more than five times the OPEC price for crude oil. Officials from Iran...
...week's biggest uncertainty centered on Arafat's travels. After visiting Morocco, the P.L.O. leader was expected in Amman on March 27 to meet with Hussein. But instead Arafat flew to Saudi Arabia and then to Iraq, Bahrain, Kuwait and Syria. Arafat's aim was to shore up Arab support before making any commitment to King Hussein. Arafat did not see Syrian President Hafez Assad, who is strongly opposed to Jordanian participation in peace talks, but he did deliver a fiery speech to a large throng of supporters in Damascus. The next day Arafat arrived...
...Mexicans apparently will go along. In Paris last week, Mexican officials huddled with OPEC representatives from Venezuela, Algeria and Kuwait. According to OPEC sources, the Mexicans indicated that they would follow the organization's lead on pricing and hold their production to 1.5 million bbl. a day, no higher than the average level of last year...
...price of North Sea oil. Norway, another North Sea producer, followed suit. That prompted OPEC members to go a step further. Nigeria said it would trim the price of its high-quality crude by as much as $5.50, to $30, and Kuwait warned that two OPEC states would undercut North...
News from the Middle East about the intentions of OPEC'S feuding members was confused and contradictory. Early in the week, Kuwait's government news agency reported that Saudi Arabia, Kuwait, Qatar and the United Arab Emirates had agreed to trim $4 off their $34-per-bbl. price unless the other members of OPEC accepted new limits on their production. Two days later, the United Arab Emirates' Oil Minister denied that the four Persian Gulf nations were threatening their OPEC allies with price cuts...