Word: libya
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...other cartel crude is priced above or below that figure, depending on quality, shipping costs and other factors. Algeria's price has dropped from $14 per bbl. a year ago to $12 now, largely because premium charges for high quality and other factors have been removed. Libya has recently been forced to trim up to 29e off its exceedingly high basic rate of $11.86, and Abu Dhabi has had to pare 380 from the $11.38 that it charged for its best lower-sulfur fuel...
Increasingly, the oil producers will " be moving into countries with development projects like the one announced last week by Guinea: it will join Saudi Arabia, Kuwait, Libya and Egypt in investing $400 million in a joint enterprise that will produce about 9 million tons t> of bauxite ore a year, an amount equal to 150% of Guinea's current output. Like similar deals arranged in the past two years with the Soviet Union and Yugoslavia, the joint venture with the Arabs underscores President Sekou Toure's point that Guinea is becoming less and less dependent on Western companies...
Indeed, today's favored arms customer may become tomorrow's Frankenstein monster. Governments can change abruptly; a coup in Iran or Saudi Arabia might bring to power a regime as radical as that of Libya's Colonel Muammar Gaddafi. The new leader would inherit a cache of the latest military hardware, which he would almost surely use against the interest of the Western states that originally provided it. Just as odd is the U.S.'s massive arming of Persian Gulf states, at the very moment when it is hinting that military intervention might be necessary if the West faced economic...
...third party without permission of the original exporting state?has had only limited success. Washington has been unable to prevent Pakistan from using American-supplied arms against India, even though the original transfer agreement with Islamabad specifically forbade it. The end-use clause obviously did not prevent Libya from loaning its French-made Mirages to Egypt for use against Israel...
...evidence that these private dealers sell arms illegally; Kokin and Cummings, for instance, would run the risk of forfeiting their government licenses and thus losing out on their profitable legal arms trade. In fact, most of today's illegal "gunrunning" is done by governments-such as Libya's and Czechoslovakia's covert supplying of the Irish Republican Army...