Word: sabah
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...increases. The current oil surplus is expected to have evaporated by fall. Even if it has not, the Saudis and others could decide to reduce production to keep pressure on prices. Other oil countries believe that Saudi Arabia will soon cut output. Said Kuwait Oil Minister Ali Khalifa al-Sabah: "There is no specific promise, but that is certainly my understanding-if only through the way Yamani held his brow...
...cutting the amount of crude sold to British Petroleum from 450,000 bbl. per day to 150,000 bbl. Earlier, Kuwait had agreed to increase sales to the two largely state-owned French oil companies by 85,000 bbl. daily. Said Kuwait's Oil Minister Ali Khalifa Al Sabah after the decision: "If the oil companies don't like it, they may buy their oil elsewhere...
...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...