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is a multilateral organization based in Kuwait, which coordinates energy policies between Arab nations. It's main objective, according to the organization itself, is development. Compound by Algeria, Bahrein, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, United Arab Emirates.
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Also known as the Arab-Israeli war of 1973 was a warlike conflict conduct by the union of the Arab countries led by Egypt and Syria against Israel, with the purpose of recovering lost territory of the third Israeli-Arab war (1967).
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To all the countries supporting the Yom Kippur war like Canada, USA, Japan, United Kingdom and Netherland.
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Strategic airlift created by United States to provide replacement of weapons and supplies resources to Israel. Soviet moves where similar but they supply to the Arab side.
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Saudi Arabia, Kuwait, Abu Dhabi, Qatar, Iran and Iraq raised prices by 17% to $3.65 per barrel and announce production cuts.
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OAPEC oil ministers agree to use oil against or to influence (stop) the western support of Israel, recommended an embargo against the estates that did not comply and also mandated export cuts to this states.
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a 25% output cut, and further 5% cut in threatened.
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The Arab embargo extended to Rhodesia, Portugal and South Africa.
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The Arab oil ministers agree another 5% of cut on the production to the non-friendly countries like United States, which have a date of beginning on January of 1974
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Arab oil minister canceled the oil cut because the Saudi oil minister Ahmed promises a 10% OPEC production rise.
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The OPEC decided to freeze the price of the oil until April 1.
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The Arab oil ministers with the exception of Libya, announce the end of the US embargo.
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