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Adnan Khashoggi is a MAJOR PLAYER on the world scene..:
Khashoggi trains his guns on oil-fields now

UNITED NEWS OF INDIA
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MOSCOW, May 4: Is it `farewell to arms' for Adnan Khashoggi as he now aims at the huge oil profits in the breakaway republic of Chechnya? Nevertheless, the very name makes Russia wary.

Emerging from his hibernation, notorious arms dealer Adnan Khashoggi is currently engaged in trying to re-route Caucasian oil to other parts of the world while bypassing Russia. This deprives the country of considerable revenue and is helping to bolster Muslim fundamentalism in the south of Russia, warns Russian daily Segodnya

. The daily notes that Khashoggi's involvement in the Chechen affairs is ``not encouraging news' for Russia.

A Caucasian Common Market (CCM) has already been formed for tapping the region's oil and transporting it to the Middle East and the West. The investors, among others, include a Turkish-Saudi Arabian consortium; Medina fund, headed by Khashoggi. Japan, Turkey, Georgia, Ukraine, Poland and South Korea are also associated with the Caucasian Common Market.

The region including Chechnya, Caspian Sea and Azerbaijan possesses oil and gas reserves in abundance to last many centuries and a number of current conflicts there can be attributed to the great game of oil politics.

Moscow fears that as a fallout of this, it may lose its levers to intervene in the oil business giving enough elbow room to other major world powers in the south of Russia. Segodnya discloses that the Central Intelligence Agency (CIA) and some petro-dollar Arab states had jointly formulated a plan to ``destroy' the Soviet Union in the eighties.

With the help of Khashoggi, who was known for his proximity to various leaders and secret services the world over, pro-US regimes in west Asia reduced the flow of petro-dollars to the Soviet Union by manipulation and brought down oil prices in the world market from $30 per barrel to $12-15 per barrel. The sharp fall in the oil prices severely hit the Soviet Union.

Khashoggi's `Medina fund' regularly financed Muslim-dominated republics of the erstwhile USSR before it collapsed, a Novosti news analyst adds.

Khashoggi hit the headlines in the eighties when he was linked with the Iran-Contra affair. This affair was allegedly stage-managed by the CIA for garnering dollars from Iran through sale of arms to finance Nicaraguan rebels. The arms deal could not be clinched openly as the U S congress had banned any business with Teheran. With Khashoggi's help, the CIA bypassed the congress secretly.

The arms dealers was also convicted by a U S court in October 1988 for helping deposed Phillipines' President Ferdinand Marcos conceal his assets in the US.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd