TITLE

Investing Arab Oil Profits

AUTHOR(S)
Marshall, Eliot
PUB. DATE
October 1974
SOURCE
New Republic;10/12/74, Vol. 171 Issue 15, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Presents information on challenges faced by the Organization of Petroleum Exporting Countries (OPEC) to invest their money. Report that Saudi Arabia, Kuwait, Libya, Abu Dhabi and Qatar are the key agents in the cartel for they possess enormous oil wealth but have tiny domestic budgets; Refusal of the OPEC to invest in the market; Information on the liquidity crisis; Imposition of an oil austerity program by France; Information that announcement made by Johannes Witteveen, manager of the International Monetary Fund that the $3.4 billion provided by OPEC is almost exhausted.
ACCESSION #
9919325

 

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