Dream on

Article Abstract:

Turkmenistan has been controlled by President Saparmurat Niyazov since 1991, when it became independent from the Soviet Union, and he has set out an 11-year economic plan. This includes plans for putput rises in cotton, wheat and petroleum, and a rise in gas exports, as well as investments in roads and railroads. Previous planned production increases have failed to materialize, and rural poverty contrasts with grandiose buildings in Ashgabat, Turkmenistan's capital. There is a need for a new gas pipeline, but there are competing gas producing economies around Turkmenistan.

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Wanted: two million barrels

Article Abstract:

World petroleum prices have risen, and have also become volatile. The Organization of Petroleum Exporting Countries (OPEC) cut production due to low prices in 1998, and OPEC may decide to increase production. The US is concerned that higher petroleum prices could push up inflation and exacerbate its trade deficit. Meanwhile, many OPEC members are happy with high prices, and do not want production increases. Saudi Arabia cannot ignore US military and economic power, yet is also under pressure from OPEC members.

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America's good new friend

Article Abstract:

The impact of offshore petroleum discoveries on Angola is examined in detail.

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