Word: qatar
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Dates: during 1970-1979
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...members' differences. The Arab countries see oil as a political weapon to use against Israel; the non-Arab states see oil strictly as a commercial commodity. Within the Arab bloc, the radical states (Algeria, Libya and Iraq) often have political battles with the feudal monarchies (Abu Dhabi, Kuwait, Qatar and Saudi Arabia). Iran and Iraq are on the verge of hostilities because of border disputes...
...Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela...
...Dhabi, Algeria, Bahrain, Egypt, Kuwait. Qatar and Saudi Arabia...
Therefore, the oil industry has signified economic imperialism for the developed countries. At the Arab Petroleum Congress in Baghdad in March 1967, a representative from tiny Qatar, a sheikdom on the Trucal Coast, said, "In the past we were victims of military imperialism; now it is economic imperialism. Under the concessions system the companies are like vampires sucking our blood...
Until 1960, the producers' cartels faced disorganized opposition from the producing governments. At that time, the Organization of Petroleum Exporting Countries was formed among the producer governments (including Venezuala, Saudi Arabia, Iran, Kuwait, Qatar, Libya, Indonesia and Abu Dhabi to keep prices high, and prevent the cartels from bringing pressure on single countries. Since that time, producer nations have won a higher share of oil company profits, and begun to establish national companies of their own, often in partnership with western companies...