Word: oil
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...their own defense, officials in Tokyo insisted that Japan, like the U.S., was a victim of Iranian blackmail. Unless the oil was bought, they claimed, Tehran threatened to suspend negotiations on Japan's 1980 allotment of Iranian oil, which this year amounted to 11 % of Japanese consumption. Moreover, the officials said, buying the oil helped make up for the cut in oil shipments by U.S. firms to Japan, from 1.4 million bbl. a day in 1978 to about 1 million bbl. because of reduced production by OPEC members and the shippers' decision to fill domestic American orders first...
...which this year will total $140 million. Similarly, Iran is importing eggs from Turkey, poultry from Rumania and rice from Thailand. Tehran is making up for the cutoff of U.S. medicines by buying some 600 pharmaceutical items from Japan, ranging from aspirin to antibiotics. It is importing U.S.-manufactured oil-drilling equipment from Rumania and could obtain spare automobile parts from a General Motors Corp. assembly plant in any third country. True, the shops in Tehran may no longer be able to stock imported items like detergents, disposable diapers and tooth paste, and there are occasional shortages of bread, eggs...
...International Energy Agency. A U.S. official charged that Tokyo has allowed Japanese banks to "go overboard" in helping Iran circumvent the financial problems caused by the assets freeze. In addition, he said, some Japanese trading companies have rushed "with unseemly haste" to buy 21 million bbl. of Iranian oil that had been destined for the U.S. before Carter halted oil imports from Iran last month. The Japanese firms paid exorbitant sums for the oil, up to $45 per bbl., about twice the average OPEC price. Complained another Administration official: "They never quibbled about price, and when Iran said it would...
...that demanded yes or no. He repeated the routine each day. The number of suggestions and ideas increased. Suddenly, admits a Carter aide, they found the President had more things he could do-more power-than he had believed. The process fed on itself. Confidence and enthusiasm grew. Iranian oil imports were ended, assets were frozen, allies badgered, the U.N. pressured, a fleet moved. Two weeks ago, the plan to get observers in to see the hostages evolved and step by step the pressure of opinion and appeal was orchestrated. The White House kept trying and finally found another haven...
Awash in cash, some executives of an oil company have been spending it in unusual ways: extravagant gifts, liquor, gambling money, home appliances and other perks for themselves and their friends. So federal investigators have been told by a former middle manager of Amoco, a marketing subsidiary of Standard Oil Co. (Indiana...