Word: yamani
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...prices, delegates from OPEC's 13 member nations gathered in Vienna, where they munched pastries, quarreled with one another for three days and then jetted home last week in a huff. Their only agreement was to hold more talks on July 22 in Geneva. Oil Minister Sheik Ahmed Zaki Yamani of Saudi Arabia, which has OPEC's richest reserves of both oil and cash, has reportedly threatened that if there is no progress in Geneva, his country will double its current production of crude, which could send the price below $20 per bbl., its lowest level since...
...Saudi stability. But the long-term danger is creating a bin Laden Generation: legions of kids schooled in puritanical Islam, lacking jobs and harboring hatred for the U.S. and Israel - and for their own rulers too. "There is a clash between tradition and modernity," says Saudi researcher Mai Yamani. "Vast wealth has been spent on education, but it is a population that cannot function in this demanding global economy...
...international body. Although Baghdad quickly resumed its supply, it is now pumping only 600,000 barrels a day, 1.7 million barrels short of the quota set by the U.N. program that allows Iraq to sell oil in order to buy food. Saudi Arabia's Sheikh Ahmed Zaki Yamani, whose leadership made OPEC a world power during the '70s, warned Thursday that the cartel may yet be blindsided by Iraq, as Saddam Hussein prepares for a new round in his battle to end sanctions. He warned that the planned 1.5 million-barrel cut proposed for next week could send prices soaring...
...Some of OPEC's more economically strapped member countries, such as Iran and Venezuela, may be more inclined to press for higher prices, but Yamani fears such short-term thinking may be disastrous for the cartel by prompting new exploration and creating economic effects that once again shrink demand. But Sheik Yamani is no longer in charge of Saudi oil policy, and indications are that the cuts will go ahead. Which will leave all eyes on the global economic numbers - and Saddam Hussein's next move...
...time the historic meeting adjourned, OPEC's leaders had established for themselves not just a new mandate but also a new identity. Gone are the dictatorial Saudi Arabian edicts of Sheik Ahmed Zaki Yamani, who once practically ruled the cartel, if only by virtue of Riyadh's overwhelmingly dominant role as a producer. The new OPEC is, in the words of an Arab diplomat at Caracas, a "management group." Its new strategists are cosmopolitan technocrats, in some cases U.S.-educated. They speak the language of market economics and are unlikely to rock the global boat with sudden embargoes or regional...