Word: libya
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...Feisal's words were not warning enough, Libya took another in a long series of actions designed to gain control of its oil. The regime decreed that Libya would nationalize 51 %-enough for full control-of five major oil companies operating in the country, including properties owned by Exxon, Mobil, Texaco, Socal and Shell. The Libyan government also declared that the companies must raise the price of oil from $4.90 to $6 a barrel. If the oil companies give in to Libya, they may be forced to make similar deals with oil nations in the Persian Gulf...
...another man's head, it is a sign of apology. In Jordan and three other Arab countries, to flick the right thumbnail against the front teeth means the gesturer has no money or only a little. Bedouins touch their noses three times to show friendship. In Libya, it is customary for men to twist the tips of their forefingers into their cheeks when speaking to beautiful women...
...most notable change involved the first hesitant steps toward the on-again, off-again merger of Egypt and Libya. While Waldheim was in Damas cus, where he got an unexpectedly cordial reception from Syria's government heads, Egypt's President Anwar Sadat was closeted at his country home, 50 miles north of Cairo, with Libya's mercurial strongman, Colonel Muammar Gaddafi. Sadat had just concluded a jet-propelled, hush-hush tour of his own to two oil-rich neighbors and Syria. With Saudi Arabia's King Feisal and the Emir of Qatar, Sadat had discussed...
...announced last week fell far short of the Libyan leader's proclaimed goal of immediate union. Instead of a long-promised binational referendum that would declare "merger day," the agreement provided for a series of inching steps, certain to be slow, although no timetable was set. Egypt and Libya were to form a mixed Assembly, with 50 members from each nation, to draft a constitution. They will exchange resident ministers and establish a higher planning council. They will also issue a new currency-the Arab dinar-but only for transactions between their tvo central banks...
Libyan troops quickly picked up the terrorists as they tried to escape across the field. Although they have been disowned and denounced by all established Palestinian organizations, they are probably part of an autonomous offshoot of the fedayeen movement. In the past, Libya has dealt leniently with Palestinian terrorists; this time may be different. Even in what Israeli Foreign Minister Abba Eban calls the "pathological capital of the world," this skyjacking may be too much to stomach...