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Western oil firms and Arab states in tentative accord
Western oil companies and five Persian Gulf nations reached a tentative deal granting the Arab states a rising equity in oil operations. The plan envisages up to 51 percent control over time pending separate negotiations in each country. The states Abu Dhabi Qatar Kuwait Iraq and Saudi Arabia represent about 28 percent of world oil production.
MENTIONED IN THIS ARTICLE
New York
Sheik Ahmed
Yamani
Saudi Arabia
Abu Dhabi
Qatar
Kuwait
Iraq
First National City Bank
Tehran
L-Nation Organization of Oil
U.S
Mideast