Word: sabah
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Dates: during 1970-1979
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...Kuwait, Oil Minister Sheik Ali Khalifa al-Sabah declared a price increase of 9.3%, retroactive to Feb. 20. He blamed the decision on what he called price profiteering by oil companies, implying that if Big Oil was somehow ripping off the public, Kuwait was going to get in on that game...
...President Albert-Bernard ("Omar") Bongo of Gabon; paid $412,000 to an organization whose secretary was Timothee Ahoua, Ivory Coast Ambassador to the U.S.; passed $900,000 to an outfit controlled by Datuk Harris Salleh, at that time Minister of Industrial Development of the Malaysian state of Sabah; and gave a Cadillac convertible to Uganda's dictator, Idi Amin Dada...
Brunei's maneuvering to retain British protection is based on oil. Tucked between the Malaysian states of Sabah and Sarawak, the sultanate sits on an estimated 1.6 billion bbl. of petroleum. The government owns a 50% share in a subsidiary of Royal Dutch Shell, whose wells pump 230,000 bbl. per day; it is also one-third owner of the world's largest natural gas liquefaction plant. Brunei's revenues should surpass $1 billion this year, and the national surplus, already $2.5 billion, will grow by another $700 million...
DIED. Sheik Sabah as Salim as-Sabah, 62, Emir of Kuwait; of a heart attack; in Kuwait. After succeeding his brother in 1965, he curbed oil production to conserve the enormous reserve that gives the Persian Gulf sheikdom the highest per capita gross national product in the world ($11,510 a year) and pays for its lavish welfare services. He was a strong supporter of Arab unity and a heavy financial backer of Egypt, Jordan and Syria...
...Saudi Arabia, six Arab leaders who are most deeply concerned with the war met at the invitation-or command, considering the weight of his oil subsidies to other Arab nations-of the Saudis' King Khalid. At the end of the two-day summit, the six-Khalid, Sheik Sabah as Salim as-Sabah of Kuwait, the Presidents of Egypt, Syria and Lebanon, and Palestinian Leader Yasser Arafat-had hammered out an agreement that will strengthen Syria's hand as a peacemaker in Lebanon and drastically reduce the fighting power of the hapless Palestinians. Leaders on both sides...