Word: nigerias
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
There is no way to put a price tag on the damage done to Union Carbide's image in the 38 countries, from Nigeria to New Zealand, where it has factories and the 130 nations in which it sells products. In West Germany, protesters last week spray-painted the words POISONERS and PIGS on the walls of a Union Carbide plant and dropped two gasoline bombs at the site. One exploded, but there were no injuries...
...latest OPEC crisis was set off three weeks ago, when Norway discounted its oil price by $1.50 per bbl., to $28.50, because it could not sell all it wanted to at the higher level. Britain quickly followed, and then Nigeria, an OPEC member, broke ranks with the cartel and lowered its price. OPEC members, fearful of a round of reductions, scrambled to halt the slide...
...cutback. That renewed oil industry doubts about OPEC's ability to live up to its decrees. During a cordial but "extremely frank" meeting, as one participant described it, ministers from Iran, Venezuela and Algeria lambasted their Nigerian colleague for helping to set off the crisis. Citing Nigeria's dire economic woes, Oil Minister Tarn David-West rebuffed pressure to restore his country's petroleum price or to cut its production target "by even one barrel." Said he: "Oil is the life of Nigeria. The Nigerian heart must pump...
...cutback. The Saudis agreed to reduce their output limit by 647,000 bbl. a day, to 4.4 million bbl. More important, Sheik Ahmed Zaki Yamani, the Saudi Oil Minister, promised to trim production even further, if necessary, to hold the line on prices. Other OPEC members, except Nigeria and Iraq, grudgingly accepted reductions of about 9% each. Two non-OPEC oil producers, Egypt and Mexico, whose petroleum ministers attended some of last week's sessions as observers, promised to help the OPEC effort by making small, symbolic cutbacks of their own. Sheik Saad al-Abdullah al-Sabah, Kuwait...
...members of the Organization of Petroleum Exporting Countries huddled for 1½ days last week at Geneva's Inter-Continental Hotel to devise a scheme to halt the slide in oil prices. The cartel's current crisis began two weeks ago, when OPEC member Nigeria followed price cuts made by nonmembers Norway and Britain...