Middle East oil producers squeeze golden goose in 1972
Beirut reports oil exporting nations in the Persian Gulf reach a nine‑month agreement with Western companies, aiming for a 51 percent control over concessions and eventual ownership. The article notes mixed outlooks across Turkey Iran Egypt Syria Jordan Lebanon Kuwait and Saudi Arabia amid postwar stability challenges and rising defense spending.
MENTIONED IN THIS ARTICLE
Beirut
Middle East
Turkey
Iran
Persian Gulf
Sheila Zaki Aoe
Kuwait
Iraq
Organization of Petroleum Exporting Countries
Libya
U.S
West Germany
Israel
Central American Market Sees Prosperity in 1973
Central America lifts into 1973 with strong crop output and high prices. Guatemala reports record exports and cash reserves near 100 million dollars while El Salvador benefits from coffee gains and a new five year, 322 million dollar program. Honduras eyes a pulp and paper venture with International Paper and tightens foreign banking rules amid anti American sentiment. Nicaragua weighs a 250 000 barrel a day refinery backed by James Clements of Houston Texas to refine Middle East crude for US Gulf coast use.
MENTIONED IN THIS ARTICLE
San Salvador
el Salvador
Central America
North
South America
Costa Rica
Guatemala
U.S
Honduras
National Assembly
International Paper Co
Chase Manhattan
First National City
Bank of America
Managua
Caribbean
Monkey Point
James Clements
Houston Tex
Middle East
Gulf
United States
Venezuela
Nicaragua
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James TaylOr
Warner Bros
Helen Reddy
Capitol
Barbra Streisand
the Forum
America
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NeIl Young
Buffalo Springfield
Brian Wilson
George Frederic Handel
Reprise
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Anita Bryant
Mahalia Jackson
THE
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OAK Ridge Boys
Morman Tabernacle
the Statesman
Columbia
Harmony
Heart Warming
VISTA
Golden Goose
Shah
Egypt
Western Desert
Amoco
Standard Oil
Indiana
Syria
Hafez Assad
Soviet Union
Euphrates
Baath Party
Kirkuk
Iraq Petroleum Co
Baghdad
IPC
Comecon
Jordan
Saudi Arabia
Red Sea
Aqaba
West Bank
Lebanon
al Mazalij
Bahrain
Qatar
Union of Arab Emirates
Oman
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