Word: sheiks
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...essential problem, as the Saudi Minister Sheik Ahmed Zaki Yamani admitted during a visit to Washington last week, is that OPEC has "lost control" of price levels. It is now up to the oil-consuming nations to limit price increases by curbing demand. Yamani's point is well taken. The only reason that Libya and Iran have been able to lift prices so much so soon is that, despite an international agreement earlier this year to curb imports, demand for oil continues to grow at a time when Iran's internal problems and lack of technical expertise threaten...
...Fundamentally, we accept the role of the central government in foreign and defense policy," says Sheik Ezzedin Hosseini, a Kurdish spiritual leader. "But beyond that, we want to run our own show." Hosseini, like almost every other Kurdish leader, rejects separatism, if only because a cutoff from the oil-funded Iranian national budget would be disastrous...
...even three times the officially quoted rate of $14.55 per bbl. After the cartel's communiqué was read to reporters at the Hotel Inter-Continental, and delegates had rushed to their gas-guzzling limousines parked at curbside, Saudi Arabia's natty oil ministers Sheik Ahmed Zaki Yamani, said, "I don't blame you if you are confused...
...Geneva, Yamani did his best to persuade the cartel to hold the line at $18 per bbl. At one point, the Harvard-educated sheik grew so frustrated with the demands of Iran, Libya and Algeria, which were calling for a base price of at least $25 "to $26 per bbl., that he threatened to walk out of the conference. That led OPEC Chairman Mani Said Utaiba, of the United Arab Emirates, to convene a rump meeting in his private upstairs suite. It was during that gathering, at which Utaiba served dates from his home country and Arab spiced tea, that...
...week, in skirmishes between oilworkers and government troops, Arab demonstrators shouted "Death to Khomeini!"-a shocking echo of the epithet that only a few months ago was directed against the Shah. There were also rumblings of discontent in the Kurdish areas of northern Iran. The leader of the Kurds, Sheik Ezzeddin Hossaini, warned that unless the new constitution protects "all the ethnic minority groups in the country," Iran would face a "bloodbath...