Word: libyans
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...over the areas where the nuclear plants are located. During the Six-Day War, in fact, an Israeli Mirage III?either out of control or with its communications gear in operative?inadvertently flew over Dimona. Israeli defenders shot it down with a ground-to-air missile. In 1973 a Libyan airliner flying from Benghazi to Cairo lost its way because of a navigational error and flew toward a forbidden area. Israeli fighters tried to turn it back. Then, for security reasons, they shot it down, causing the death of 108 of the 113 people aboard...
Libya. The operations of six companies have already been 100% nationalized, and the government has taken majority stakes in eight others, including Mobil, Exxon and Occidental. In addition Occidental and Libya last week settled a dispute over production levels in two Libyan fields; the dispute had threatened to jeopardize a 1973 pact that left Occidental with a 49% interest in its Libyan operations...
...Hammer has probably never had a worse week. First, the 77-year-old chairman of Occidental Petroleum Corp. pleaded guilty in a Washington court to a charge of making three il legal contributions to Richard Nixon's 1972 presidential campaign. Then Hammer's oil firm accused the Libyan government of holding 520 of its employees as hostages in a dispute that has turned Occidental's investment in Libya, once considered Hammer's master stroke, into a growing headache...
...dispute with Libya is a complex affair. In 1972 Libya nationalized 51% of Occidental's subsidiary there. Since then, Oxy complains, Libya has restricted production to the point that the company cannot fulfill its commitments to customers. Last month Occidental notified the Libyans that it was filing suit in international arbitration courts for $1 billion, claiming breach of contract; simultaneously, it refused to pay $440 million in royalties and taxes. The Libyans, according to Occidental, last week cut off crude deliveries altogether and refused to let 520 non-Libyan employees of the corporation, including 230 Americans, leave the country...
...company also reported nearly $400,000 in previously disguised and therefore suspect payments, made in countries where the company has had major interests in oil exploration or production. Samples: $100,000 in 1970 to a Libyan consultant, and $150,000 to President Albert-Bernard Bongo of Gabon in 1972 for oil exploration permits...