Word: oils
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Dates: during 1970-1979
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...most definitely possible" with Washington. The crucial factor, he insists, is that any future trade relationship be based on an equitable exchange of goods and not distorted by extravagant sales of sophisticated weapons. At the same time, Khomeini's top economic adviser, Hassan Abdul Banisard, has implied that oil production will probably have to be cut in half to regulate the flow of capital into Iran...
Under the plan, Syria and Iraq would share their oil and water, and would unite their military establishments into a force of 440,000 troops, 4,500 tanks and more than 730 combat aircraft. The Defense, Foreign and Information ministries of the two governments would also be united, and the presidency would rotate every six months between Damascus and Baghdad...
...already signs of a basic change in relations between the two countries. Troops have been reduced along the common border. After years of vilifying each other's countries, radio stations in Damascus and Baghdad are broadcasting messages of homage and brotherhood. Soon pipelines will again carry Iraqi oil across Syria to the Mediterranean...
...Ahmed Hassan Bakr, 64, has been quietly moderating his government's foreign policy even as he modernized his country's landscape. Last week TIME's Cairo bureau chief, Dean Brelis, visited Iraq, a California-size country of 12 million people, with 34,500 bbl. in proven oil reserves. His report...
Last year, Iraq's oil earned the country $9.6 billion, and hardly a week passes without bringing rumors of new discoveries. The force of the latest strike, it is said in the bars and bazaars, was so great that a 30-ton bulldozer was hurled 50 feet into the air. This year the Iraqis are importing $1 billion worth of Western goods. In less than a decade, the country's per capita income has jumped from $200 to $1,500. Yet the Iraqis have managed to hold their inflation rate to 8%. They have also held foreign influence...