Word: nigeria
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Dates: during 1970-1979
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...Rotel's Bavarian inventor, Georg Höltl, points out that his rigs enable vacationers to get to places that do not have hotels or even campsites. His Sahara trip from Tunisia to Nigeria, billed as "the most daring tourist program ever offered," is almost impossible to duplicate by private car. Conventional accommodations are expensive or nonexistent at most stopovers on Höltl's 7,000-mile Indian expedition or his 8,000-mile Peru-to-Patagonia haul. "We go to the interior, where the ordinary people live," says Jan Buchta, a veteran Rotel guide, who likes...
Economically, Angola is an extremely rich prize: in addition to its booming industry and commerce, it possesses vast supplies of diamonds, iron, coffee, cotton and other natural resources. Texaco has discovered an oil bed off northern Angola which is half as large as that of Nigeria and ten times the size of the Cabinda concessions which have already provoked gleams in neighborly eyes. The 1960s saw the rapid expansion of investment from US, South African, German, British, and Japanese companies in exploiting this treasure trove. Thus policy toward foreign investment is crucial for whatever regime emerges. The MPLA would...
...offensive in three areas: 1) "forcefully" broadcast the achievements of Western liberalism such as the multinational corporation-"arguably the most creative international institution of the 20th century"; 2) assert that "inequalities in the world may be not so much a matter of condition as of performance," citing Brazil, Nigeria, Singapore and other Third World success stories; 3) compare the political and civil liberties that the Third World countries "provide their own peoples [and] those which are common and taken for granted...
...Dhabi has ordered Western oil companies operating there to increase production immediately -leaving those firms to find a way to sell it. The companies had reduced pumping because Abu Dhabi's oil was more expensive and less profitable to market than petroleum in some other OPEC countries. Nigeria has also been prodding Western oil firms to boost production despite sagging demand...
When estimating the surplus for 1980, the optimists tend to lump the cartel countries together. But the populous nations (Iran, Venezuela, Nigeria) may register payments deficits in several years, while the lightly populated countries of the Persian Gulf will be building ever bigger surpluses. The Morgan Guaranty report concedes that in 1980, Saudi Arabia's surplus will bulge at $100 billion, by far the world's highest...