Word: pacts
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Dates: during 1970-1979
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...time last week's accord ended a month of confrontation in Teheran, the Shah had established himself as leader of the world's oil-producing nations and changed the balance of power between oil-producing and consuming countries. Under the stiff provisions of a new, five-year pact, the posted price of Persian Gulf oil-on which royalties and taxes are calculated-will rise by 35? per bbl. The producing companies' taxes will also go up 5%, to 55%. Every year until 1975, the companies will pay an additional 5? per bbl., plus 2½% to compensate...
...Arabia and Iraq, which have not yet settled on a price for that part of their oil production that reaches the Mediterranean by pipeline. Some major oil companies avow that they will shut down their Libyan production rather than accede to leapfrog demands, lest this cause the painful Teheran pact to come unstuck...
...deal in signing renunciation-of-force agreements with West Germany. By so doing, the Communists tacitly acknowledged that Bonn is a peaceful partner. For a quarter of a century, the Communists had been blaming the "revenge-seeking" West Germans for everything from crop failures to high military expenditures. Warsaw Pact soldiers sent into Czechoslovakia in 1968 were told, for example, that they were "marching to save our comrades from subversion and invasion by the fascist West Germans...
Shortly after Tito broke with Moscow in 1948, he defused the issue by signing an agreement, negotiated under British and U.S. auspices. The pact gave Italy administration over the city and Yugoslavia day-to-day control, though not formal sovereignty, over a 40-sq.-mi. area to the east of Trieste known as "Zone B." Since then, relations between the two countries have improved to the point where neither requires visas from the others citizens...
Meaty Bone. The Russians last week seemed to be trying to meet the conditions. On short notice, they brought together leaders of the Warsaw Pact nations in East Berlin for their third summit in a year. Plainly, the spur-of-the-moment powwow was designed chiefly to apply fraternal persuasion to East Germany's Walter Ulbricht to accept a Berlin agreement...