Word: opec
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Dates: during 1990-1999
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Pegged a comer early on, Khalifa worked for the Finance Ministry between graduate studies in London and Beirut, often jetting home weekly for meetings. Before he was 30, Khalifa was representing Kuwait at important OPEC meetings. "I remember once when I went to Baghdad to explain our views on oil prices," says Khalifa. "After I finished my presentation, I was called to another building to see Saddam. Before I could go through it all again, Saddam said, 'Khalifa, your explanation is not valid.' There had been no time for anyone at the earlier meeting to have briefed him, but Saddam...
...December 1975 you and your fellow OPEC ministers were taken hostage in Vienna by Carlos, the international terrorist. Two people were killed before you were set free. As a victim of terrorism, how do you evaluate the phenomenon and its possible role in the gulf crisis...
...more than 20 years you were OPEC's chief strategist. You introduced the world to an oil embargo, to gas lines and stagflation. How do you view OPEC today, and what are the organization's prospects...
...said the cartel's recent failure to control Kuwait's oil production led to lower oil prices and reduced the profits reaped by Iraq and other nations which followed OPEC guidelines...
...addition, two major developments of the 1970s--the 1973 OPEC embargo and the 1978 Camp David accord--paved the way for the recent crisis by shifting the bulk of power in the region away from Egypt to less developed states in the Persian Gulf region, Alnawrawi said...