Word: yamani
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...price slide was triggered by an unusual Saudi deal in which the country plans to exchange some 34 million bbl. of oil for ten new Boeing 747 jetliners. Saudi Oil Minister Sheik Ahmed Zaki Yamani protested the arrangement because it would add to the glut on the world oil market. But Prince Sultan, chief of the military and the national airline, overruled him, apparently because the royal family wanted to avoid dipping into the country's foreign-exchange reserves to pay for the planes. By exceeding its OPEC production quota, Saudi Arabia provided an easy excuse for most other...
...actual production to 18.5 million bbl. In addition, North Sea oil output rose 13.5% during the first five months of this year. To meet those challenges, OPEC last week organized committees to press each member for lower production levels, and Saudi Arabian Petroleum Minister Sheik Ahmed Zaki Yamani agreed to ask London and Oslo for a rollback in North Sea production. Then, in a symbolic gesture of unity, the oil ministers allowed heavily indebted Nigeria to increase its daily production of 1.3 million bbl. by a total...
...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...