1973 oil crisis - 81 oil companies were doing business in the Middle East

Time: 1970

Place: Middle East

Details: In 1963, the Seven Sisters controlled 86% of the oil produced by OPEC countries, but by 1970 the rise of "independent oil companies" had decreased their share to 77%. The entry of three new oil producers—Algeria, Libya, and Nigeria—meant that by 1970, 81 oil companies were doing business in the Middle East.

Related

1970

Vietnam War-The Withdrawal of an additional 150,000 American troops

1970 - South Vietnam

Garry Kasparov-The Young Pioneer Palace

1970 - Baku, Azerbaijan, U.S.S.R (Azerbaijan Now)

Carlos the Jackal-Expelled from the university

1970 - Moscow, Russia

Shimon Peres-Minister of Transportation and Communications

1970 - Israel

Carlos the Jackal-The Popular Front for the Liberation of Palestine

1970 - Beirut, Lebanon