Word: yamani
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Dates: during 1980-1989
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...latest attacks on tankers, Lloyd's of London once again increased rates on vessels using the gulf, this time more than doubling the fee (from 3% to 7.5% of value) for ships sailing to Kharg Island. In Geneva, Saudi Arabia's Oil Minister, Sheik Ahmed Zaki Yamani, declared: "What we are afraid of is that Lloyd's might cancel insurance for navigation in the gulf, and this would be equal to closing the Strait of Hormuz." Lloyd's denied the likelihood of such a cancellation. In any event, the world, and particularly the U.S., is nowhere...
Other speakers have had trouble lately being heard in academe. Former Black Panther Eldridge Cleaver, now, improbably, a conservative born-again Christian, was drowned out by several hundred screaming protesters when he tried to speak at the University of Wisconsin. Saudi Arabian Oil Minister Sheik Ahmed Zaki Yamani began a talk at Kansas State University. A roar of protest erupted from the back of the auditorium. The hall had to be cleared for 80 minutes...
...which encourages campus groups to uphold the rights of speakers by letting them carry out their remarks, was spurred by Kirkpatrick's withdrawl as commencement speaker at Smith College due to widespread student and faculty opposition. Former Black Panther Eldridge Cleaver and Saudi Arabian Oil Minister Sheik Ahmed Z. Yamani have also recently cancelled addresses citing campus protests...
...happening, the members agreed to individual production quotas designed to limit their overall output this year to 17.5 million bbl. per day. That is 1.3 million bbl. less than the average rate for 1982, but 3.5 million bbl. more than the current rate. Said a hopeful Sheik Ahmed Zaki Yamani, Saudi Arabia's Oil Minister: "I have a strong feeling that this [agreement] will work out and that OPEC will be back in the driver's seat...
Recent OPEC history supports Yamani. A year ago, the group agreed to a production ceiling of 18 million bbl. a day. Before long, however, Algeria, Nigeria, Libya, Venezuela and Iran were all exceeding their quotas...