Word: yamani
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Dates: during 1980-1989
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Sheik Ahmed Z. Yamani, Saudi Arabia's minister of petroleum and mineral resources, will arrive at Harvard this morning under heavy security guard from Harvard and Cambridge police...
After meeting with President Bok at 11 a.m., Yamani will eat at the Faculty Club with several professors and will deliver a public address on the Organization of Petroleum Exporting Countries in Science Center...
Indeed, a plan to tighten the market back up, was precisely what the six OPEC ministers had gathered in Geneva to discuss. At the meeting was not just Saudi Arabia's Sheik Ahmed Zaki Yamani, whose nation accounts for almost half of the cartel's oil output, but representatives of Kuwait, Nigeria, Algeria, Indonesia and Venezuela as well...
...having agreeing on prices. Said one European Community official: "You can hardly call a meeting at which over half the tune was spent arguing about a war between the two most powerful military members a resounding show of unity." For more than two years, Saudi Oil Minister Ahmed Zaki Yamani has been trying to restore a unified price for OPEC crude. But the spread between the Saudi bench-mark or "marker" price and the cartel's ceiling price after the Bali meeting has grown to $9, thus allowing individual members considerable room to set their own oil prices free...
...near Kirkuk knocked a key pumping and distribution center As a result, oil has stopped flowing through two of Iraq's four pipelines, reducing exports by almost 1 million bbl. a Saudi Arabia is also threatening to its production and send oil prices $50 per bbl. Oil Minister Yamani is demanding that world energy companies carrying heavy stocks start them down faster and that West nations stop squirreling more oil away strategic reserves. Indeed, the Saudis prod Western countries to remind them that OPEC price restraint or petroleum production could end at any time...