Word: tankersful
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-- Questionable payments to foreigners. Representative Ron Wyden, an Oregon Democrat, asked Lewis last week about "a whole host of questionable payments being made overseas," including a $250,000 annual fee to a South Korean consultant. Lewis vehemently denied that the money was being funneled to the South Korean government as...
The decision to form the force is evidence of the gulf states' rising concern about security in the region. At last week's meeting the leaders also confirmed an earlier pledge to spend more than $ 1 billion to improve air defenses in the southeastern part of the gulf...
Two other oil companies last week disclosed major house-cleaning steps, partly the result of an 18-month slide in oil prices. Texaco announced plans to take a $765 million write-off on its fourth-quarter earnings, partly to reflect the decreased value of several underused refineries and oil tankers...
Iran does not seem to be in a position to strike a conclusive blow against its enemy. Estimates by the London-based International Institute for Strategic Studies suggest that Iraq has reversed an initial Iranian advantage and now leads Iran by more than 6 to 1 in jet fighters, by...
After several tankers and cargo carriers were damaged by mines floating in the Red Sea earlier this summer, the navies of Britain, Italy, France and the U.S. sent ships to help Egypt and Saudi Arabia sweep their waters clean. Curiously, the extensive international search effort, involving some two dozen vessels...