Word: qatar
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Dates: during 1970-1979
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...chalet at St. Moritz last week, the Shah of Iran conferred a medal, the first-class Taj, or crown, on his finance minister Jamshid Amuzegar. The dapper, Cornell-trained Amuzegar had led the six oil-producing nations of the Persian Gulf-Iran, Iraq, Kuwait, Saudi Arabia, Abu Dhabi and Qatar-in wresting an enormous increase in payments from 23 international oil companies, 20 of them American. In fact the Shah, who had guided the negotiations over the gold telephones installed at his desk and bedside in the royal palace, had good reason to be pleased with himself as well...
...companies operating in the Middle East and North Africa are negotiating as a group* -a precedent made possible when the Justice Department agreed to waive the antitrust laws for U.S. participants. The companies are confronting representatives of the main oil-producing nations: Iran, Iraq, Kuwait, Libya, Abu Dhabi, Qatar, Algeria, Saudi Arabia, Indonesia and Venezuela. In their quest for money the producing countries can bargain with muscle because they can always threaten to cut off shipments to Europe, which gets 85% of its oil from them, and to Japan, which depends on the Middle East for 91% of its supplies...