Word: yamani
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Dates: during 1970-1979
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...Egypt without a dime. But they are not likely to be as generous as they were in 1977, for example, when they reportedly provided Cairo with around $1 billion in aid. "We deal on the basis of principles, not emotions," says Saudi Information Minister Mohamed Abdou Yamani. "No matter what has happened, our relations with Egypt remain the same." A Saudi newspaper editor in Jidda is more blunt. "Sure, we will let the Egyptians attack us and insult us," he says. "Then they will send us a letter demanding to know why the check is late. And then we will...
...Saudis have emphasized that their present oil policy would not be affected, either way, by U.S. action on the F-15, though Prince Fahd acknowledges that his people expect the U.S. to reciprocate the Saudis' "good feeling and to translate it into action." Oil Minister Yamani is a bit more blunt. "Even if the F-15 sale should be killed, I don't think we would react immediately," he says. "We would continue our program to expand our production capacity. But we would have far less enthusiasm to cooperate with the U.S. at the same speed as before." He adds...
...Saudis make little effort to conceal their anxiety about their future security. Oil Minister Ahmed Zaki Yamani declared recently that he feared "the day may come, toward the end of the 1980s, when the world will see an all-out oil war in which the strong will fight over the wealth of the oil-exporting countries." Fahd never provokes Communist propaganda assaults by attacking the Soviet Union directly, but he is wary of its designs on the Middle East. He has extended aid to Somalia, Djibouti and other countries in the area to offset Soviet influence, and has occasionally made...
...extra revenues. As Planning Minister Nazer said last week, "Production of between 5 million and 7.9 million barrels would produce enough revenue to meet our development needs." But Saudi Arabia is going ahead with the expansion program, primarily as a concession to the U.S. The program, says Oil Minister Yamani, "is not really in our interest. It is only in the interest of the West that we are carrying out this expansion...
...welcome as even a temporary halt to oil price hikes will be for Western economies still staggering from past increases, OPEC'S decision offers only a respite at best. After last week's meeting, Yamani said that Saudi Arabia would cut back production until the oil surplus disappeared and intimated that OPEC would then, presumably in 1979, start sending prices higher again. Even the new production in the North Sea, Alaska and Mexico, moreover, will not be enough in the long run to break OPEC'S corner on world oil supplies. All the oil found so far in Alaska...