Word: oiled
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Dates: during 1990-1999
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...clamp an embargo on arms sales to Baghdad, he is working to rebuild his military and industrial might. Helping him are middlemen, front companies, compliant neighbors and Western businessmen eager to reforge commercial contacts with a big potential customer and the possessor of the world's second-largest oil reserves...
Saddam is already on the verge of winning an important U.N. concession: a partial reopening of Iraq's oil pipeline through Turkey. Periodically Baghdad will be allowed to "flush" the pipeline of old oil -- which the Turks claim is corroding the pipe -- and fill it with fresh oil. Each flush will yield about 12 million bbl. of marketable oil, which would net Iraq some $50 million, and there could be several such operations every year...
Turkish officials, who say they are sacrificing $250 million annually in lost pipeline fees, insist that Iraq will get only humanitarian aid -- not cash -- in exchange for its oil. They promise to refine and use the oil domestically, so it will not upset the world petroleum market. The very idea of limited oil sales for Iraq is anathema to the U.S. But Washington will reluctantly go along with the Security Council plan because the U.S. does not want to offend Turkey, an important friend that allows American jets based on its soil to patrol Iraqi airspace. "Turkey is a good...
...Seagram, Edgar Sr. accommodated changing consumer tastes in part by lightening blends of a leading whiskey brand, introducing bottled cocktails and importing wines and liqueurs. He also diversified into office buildings, shopping malls and other businesses. In 1981 Seagram bid for control of Conoco, a giant oil and gas producer. It lost to Du Pont Co. but came out owning 24.3% of Du Pont stock, today worth around $9 billion. Seagram's management of that investment just might indicate what role it could play in Time Warner. The company has made no effort to take over Du Pont...
...Dionne Warwick recorded a love song he wrote, Whisper in the Dark. Efer "eloped" (his word) with Sherry Brewer, a black model-actress and close friend of Warwick. They had three children before divorcing in 1991; early this year, Bronfman took a second wife, the daughter of a Venezuelan oil executive...