Word: oiling
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Dates: during 1980-1989
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...been reduced by more than 10%; irrigation water that once flooded more than 250,000 acres of rice fields, or 25% of Egypt's total production, has been cut off. To cope with the anticipated decrease in hydroelectricity, the government plans to add four new gas- and oil-fired electric generating plants to Egypt's overtaxed power system in the next year. Cost: $300 million...
...short supply, as are trailers to store the grain. While wheat from the U.S. and Canada usually comes in bags, much of the grain from Europe does not and thus takes longer to unload. Grain sometimes arrives soaked with water; a recent shipment of milk powder was contaminated by oil...
...invested most of its income overseas. The country holds $85 billion worth of stocks, bonds and real estate in the U.S. and Europe. Kuwait's overseas holdings provided a comfortable cushion when petroleum prices collapsed two years ago; in fact, the country earns more from investments than from oil exports...
...Kuwaitis own Santa Fe International, a leading oil-drilling company; the Atlanta Hilton hotel; and a controlling interest in the Dallas Galleria, a glittering complex of shops, offices and a hotel. The Kuwaitis are more visible in Europe. They own billions of dollars worth of British stocks, including 15% of the Royal Bank of Scotland and 5% of Trusthouse Forte, a leading hotel chain. On the Continent, Kuwait has invested more than $2 billion in Spanish companies. In West Germany, Kuwait owns 20% of Metallgesellschaft, a mining, metals and plastics company, and 14% of Daimler- Benz, the car manufacturer...
...past, the Kuwaitis have acted as passive investors, shunning public attention. That could change in the case of British Petroleum. Whatever the Kuwaitis do with their stake in Britain's oil company, they will attract the closest kind of scrutiny...