Word: libya
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...enmity between López Rega, 54, and Gelbard, 57. As Perón's closest, most influential aide, López Rega became a highly controversial political figure, distrusted by moderate and leftist Peronistas both in and out of the government. When he went to Libya last March to negotiate an oil deal, later criticized as too costly, he complained that he had been hindered because Argentina had too many Jews on its economic team. Gelbard is a Jew. This conflict is expected to get worse as it becomes increasingly difficult to hold the line on Argentina...
Their views are anathema within OPEC. At the Quito meeting, Venezuela, Algeria, Libya, Nigeria and Kuwait pushed hard for a 63? increase in posted prices to offset the effects of inflation on the prices of the goods that they buy from the U.S., Europe and Japan. Iranian Finance Minister Jamshid Amuzegar, who has accused the Saudis of hypocritically calling for price reductions while actually raising prices, favored a slightly smaller hike, "to show the industrialized nations that we are serious when we say that they must keep inflation in check." Saudi Oil Minister Ahmed Zaki Yamani reportedly threatened to force...
There are, however, other long-term factors at work that seem to guarantee a significant Soviet role in the Middle East for years to come. The Soviets have been redoubling their diplomatic efforts in the Arab states that bracket Egypt: Libya, Syria and Iraq. Egypt and Syria still depend upon the Soviet Union for military supplies, and spare parts for current equipment will dictate a relatively close relationship for some time...
...producers, Algeria, Indonesia, Iran and Venezuela, which have large populations and ambitious industrialization plans. They can be counted on to spend much of their wealth buying goods and services from the U.S., Europe and Japan. But the richest oil producers, Saudi Arabia, Kuwait, the United Arab Emirates and Libya, have small populations and preindustrial economies; they can spend on imports only a minor part of the $100 billion oil revenues that they will collect this year...
...million live in Jordan (including the West Bank). Another 400,000 live in Israel, 350,000 in the Gaza Strip, 300,000 in Lebanon, 160,000 in Syria, 50,000 in Iraq, at least 80,000 in Kuwait, and large numbers in Persian Gulf states, Saudi Arabia and Libya...