Word: kuwait
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Dates: during 1980-1989
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...Emirates, but in 1971 they were seized by the Shah's forces, following Britain's military withdrawal from the gulf. Iraq has vowed to bring the islands back under Arab control, meaning Iraqi control, and on this point enjoys the support of the entire Arab world. Comments Kuwait's influential newspaper al Qabas: "As Arabs we cannot but be on the Arab side-that is, the side of Iraq...
OPEC, though, is now moving to keep up those wobbly world prices by taking less oil out of the ground. Reductions in output would all but guarantee that long-term prices will remain firm, and even nudge up. The latest to institute the price-propping cuts are Kuwait and Libya, which last week reduced their production by 25% and 17%, respectively, bringing the overall drop in OPEC'S output to 2 million bbl. per day below the autumn 1979 level of 31 million bbl. daily. Some price hikes continue nonetheless. Algeria has put a $3-per-bbl. surcharge...
Typical of the new trend was Kuwait's announcement two weeks ago that it is cutting the amount of crude sold to British Petroleum from 450,000 bbl. per day to 150,000 bbl. Earlier, Kuwait had agreed to increase sales to the two largely state-owned French oil companies by 85,000 bbl. daily. Said Kuwait's Oil Minister Ali Khalifa Al Sabah after the decision: "If the oil companies don't like it, they may buy their oil elsewhere...
...KUWAIT, Feb. 7, 1974 Palestinians take over Japanese embassy, hold ambassador and ten others hostage. Their goal: release of besieged Japanese Red Army and Palestinian commandos who had been holding hostages for a week on a Singapore ferryboat. The hostages are finally freed, and the guerrillas fly to Aden...
...Jewish Press charged that Carter had sold out Israel for oil and described his action as a "stab in the back" to all of its readers. Reporting Carter's reversal, Saudi Arabia's state-controlled radio said acidly: "May God have mercy on his soul." The Kuwait daily Al-Anba called the President "a coward and a puppet in the hands of Israel." "Instant amateurism," snapped a British diplomat. A German colleague described the "incredible flip-flopping" as "intolerable...