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Libyan Leapfrog. The current quarrel started last summer when the revolutionary Libyan regime of Colonel Muammar Gaddafi set out to pump better terms out of the producing companies. Libya has a strong bargaining position. Its chief port of Tripoli is located only 600 miles from Rome. Most other Middle East oil must be shipped over a long and costly route to Europe. Libya demanded a 30? increase in the posted price of its oil-the price used to calculate the tax paid by companies. That would bring it to $2.53 a barrel. Gaddafi also insisted that the traditional...

Author: /time Magazine | Title: OIL: Looking for a Fair Sheik | 2/1/1971 | See Source »

...major problems that Egypt's Sadat will face during the peace talks is how to pacify Libya's belligerent, hard-lining young strongman, Colonel Muammar Gaddafi, 28. Gaddafi objects vehemently to any moves by Egypt and Jordan toward a settlement with Israel, and has frequently said: "We reject peace with Israel, we reject recognition of Israel and we reject negotiation with Israel." To back up his tough words, he is buying 110 Mirage jet fighter planes from France, even though delivery of the jets will not be completed until 1975, and France is training fewer than 10 Libyan...

Author: /time Magazine | Title: LIBYA: Political Jack-in-the-Box | 1/11/1971 | See Source »

Instant Power. Last December, when Nasser traveled to Khartoum and Tripoli to promote the three-way federation, he was met by frantic crowds screaming: "One people, one people, one people!" Until his death, Nasser met regularly with Sudanese Leader Jaafar Numeiry and Libya's Muammar Gaddafi. At last week's meeting, Numeiry, Gaddafi and Nasser's successor, Anwar Sadat, produced a communiqué pledging to seek eventual political federation. To this end, they set up a "Tripartite Political Command...

Author: /time Magazine | Title: World: Eglibdan? Sudeglib? Or Libdangypt? | 11/23/1970 | See Source »

...country that enjoys a seller's market, situated as it is close to Europe, where its low-sulfur oil is much in demand. Over the past six years, Europeans have come to depend on Libya for 30% of their oil. Playing on that, the revolutionary government of Colonel Muammar Gaddafi has pressured the companies to raise their posted price by 13.4% and pay the government a 5% tax surcharge. Most of the independent companies operating in Libya have agreed, and as of last week only a handful of the major international companies were still holding out. "It may well...

Author: /time Magazine | Title: Business: The Political Power of Mideast Oil | 10/19/1970 | See Source »

Work was his life, but the brutal pace of the Arab summit proved too much for him. For ten days he labored to stop the fighting in Jordan and head off any abrasive settlement that might hurt Arab unity. Fiery nationalists like Libya's Muammar Gaddafi and Algeria's Houari Boumedienne, for instance, wanted to send troops to join the guerrillas against Hussein until Nasser dissuaded them. After the summit worked out ground rules for a cease-fire in Jordan, Nasser managed to get both Hussein and Guerrilla Leader Yasser Arafat to Cairo for a conciliatory hand shake...

Author: /time Magazine | Title: World: Nasser's Legacy: Hope and instability | 10/12/1970 | See Source »

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