Word: yamani
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...powerful visitors from the world of oil are due at the White House this week: Saudi Arabia's Crown Prince Fahd and his Harvard-educated Oil Minister, Sheik Ahmed Zaki Yamani. The two Saudis may be able to help answer a multibillion-barrel question that has been troubling Western countries for months: Will the price of oil go up again, further threatening the still fragile recovery from recession, or will fuel costs level off for a while...
...White House visit, Yamani reaffirmed Saudi Arabia's determination to help the West's hesitant recovery by holding prices at their present level. Said he: "Unless you have a strong economy, you cannot be a good customer." He will get no argument on that point from Jimmy Carter...
...Saudis made the offer after learning of efforts to establish the program in a letter relayed to them by Sheikh Ahmed Z. Yamani, a graduate of Harvard Law School. The Law School also sent identical letters to two other "small mid-eastern countries" Jerome A. Cohen, associate dean of the Law School said, but it has received no responses...
...schism started a month ago at an OPEC price-setting conference in Qatar, when Saudi Oil Minister Ahmed Zaki Yamani and his allies in the Emirates refused to go along with the majority's demand for a 10% hike on Jan. 1, to be followed by a further 5% hike at midyear. The Saudis and the U.A.E. limited their increase to 5% for the full year. Thus, for the first time since OPEC began quintupling petroleum prices in late 1973, the oil cartel split into opposing camps. In order to hold down prices, the Saudis, who are OPEC...
...huge complex on the island of Aruba, off the coast of Venezuela, which until now has processed local crude almost exclusively. Whether the Saudis and Emirates can and will increase output enough to satisfy demand cannot be judged now. But Round 1 clearly has gone to Yamani...