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Re: Sanctions....oil/arms?

On Sat, 31 Jan 1998, S Forrest wrote:

> there may well be a connection-
> 1) were the sanctions lifted, the price of Saudi oil would go down
> 2) Saudi economy is already in trouble- they've made some big cuts
> recently
> 3) British Aerospace was saved from bankruptcy by the Al Yamamah weapons
> deal with Saudi Arabia
> 4) Saudi Arabia still has not paid this off. hence they need money.

Dear All,
Is this correct ? I don't really know but I wonder if the west really
makes as much out of arms sales to Saudi Arabia and co as it would save by
allowing Iraq back into the field of oil exporting and hence increasing
the competition and cutting the prices. The question is the amount of cash
involved but I don't have figures for this. Statistics, anybody ?
Ta for your thoughts,
John E. MacKenzie

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