Word: nazer
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Dates: during 1990-1999
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...chaotic era in the late 1970s and early 1980s of free-swinging prices set almost purely by market forces. But in the past few years the oil industry has been seeking new collaborations to restore some stability to both supply and demand. Explains Saudi Oil Minister Hisham Nazer: "We have become an integral part of the oil market of the U.S.A., and the return on our investment depends on the health of that market. This is a mutual benefit...