Word: libya
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Dates: during 1970-1979
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...Prague and Budapest have supervised the arrival of large quantities of weapons, such as AK-47 automatic rifles and machine guns, made by Warsaw Pact countries. Transporting arms and men from Eastern Europe to Ethiopia formerly presented only minor problems, since they were flown from their staging area in Libya over an unsuspecting Sudan. Until they were expelled in May, Russian advisers in Khartoum had tampered with the Sudanese radar network to create a blind spot in its coverage,'in effect creating a "corridor" through which Soviet planes flew undetected...
Turkey's latest political crisis interrupted negotiations with officials of the International Monetary Fund, who were seeking to help avert national bankruptcy -including a threatened cutoff of credit for petroleum shipments from Libya and Iraq; IMF officials tired of cooling their heels during the crisis and returned to the U.S. to await the organization of Ecevit's government. Currently, Turkey's inflation is 35%, and unemployment is a huge 20% of the labor force. The nation is also gripped by political terrorism involving extremists of both the left and the right -the latter thought to be encouraged...
...bankruptcy for the past ten years, went quietly but cautiously along. He received too the tacit support of Jordan's King Hussein. But radical Palestinians denounced Sadat as a traitor and put a price on his head. A so-called summit of Arab "steadfast states" in Tripoli, convoked by Libya's Muammar Gaddafi, froze relations with Egypt. Calling their bluff?without Egypt defending the southern front, another Arab war against Israel would be a hopeless enterprise?Sadat broke off relations with Syria, Libya, Algeria, Iraq and South Yemen. His critics, said Sadat, were "dwarfs...
...never showed, and the real specter hanging over the meeting was the growing worldwide glut of oil. During recent months the world has been awash with excess production of some 2 million bbl. per day, and Western oil stocks are currently 25% above pre-1973 embargo levels. Producers like Libya and Algeria, even while arguing for an official price hike, have been shaving their market prices by 40¢ or more per barrel...
Nonetheless, prior to last week's meeting the 13 OPEC countries were badly split over the level of next year's price. Libya, Algeria and Iraq demanded increases of up to 23%. Libya muttered about raising prices unilaterally or walking out of the meeting. Nigeria, Indonesia and Venezuela, badly in need of more oil income to pay for instant industrialization projects, were making weak requests for an increase of 5% or so. They argued that a boost was needed to make up for worldwide inflation and the dropping value of the dollar, which has cost them 20¢ per bbl. this...