Word: ownership
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Dates: during 1970-1979
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...more than two years, many of the world's oil-producing countries have been intensifying their drive to nationalize their oil industries. Last week the campaign passed a milestone: Kuwait became the first Arab country to achieve 100% ownership of its producing company. For $50.5 million the government bought the remaining 40% of Kuwait Oil Co. that had been owned by Gulf Oil and British Petroleum. Although the settlement followed months of acrimonious negotiations presided over by Oil Minister Abdel Muttaleb al Kazimi, it scarcely came as a surprise: the government had announced plans in March to complete...
United Arab Emirates. Abu Dhabi, the leading producer, has been negotiating sporadically to raise from 60% to 100% the emirates' ownership of local production, but it has indicated that it plans to leave the current 60%-40% arrangement intact through 1976. Says U.A.E. Petroleum Minister Mani Said Utaiba: "We feel we shouldn't rush things...
...bill, and thus afford advertisers the advantage of a tax deduction, they would have to be 75% Canadian-owned, show editorial content "substantially" different from their parent editions, and demonstrate that their editorial control is in the hands of Canadians. Time Inc. has been prepared to meet the 75% ownership rule, and the company last spring produced a sample issue of a newsmagazine that devoted 41% of its space to Canadian news, instead of the present 12% to 15%. But in October, newly named Minister of National Revenue Jack Cullen, who would be in charge of enforcing the law, announced...
...would prohibit private ownership of firearms with a barrel of less than 16 inches...
During the seven years of the leftist military regime, Peru has been seeking a "humanistic and Christian socialism," but it is not inhospitable to foreign investment. Under Plan Inca, the old semifeudal landholding system has been broken up, and a cloudy kind of mixed ownership, blended from 19th century European syndicalism, the modern Yugoslav cooperatives and perhaps some Andean mysticism, has been introduced. "We do not believe," adds General Morales, "that we are the only owners of truth...