• Short Summary

    The price of the world's oil will rise in the new year. The Organisation of?

  • Description

    1.
    GV OPEC Delegates seated at conference (3 shots)
    0.10

    2.
    SV Iranian Oil Minister
    0.11

    3.
    CU Dr. Amouzegar speaking in English
    0.24

    4.
    SV Sheikh Yamani leaving aircraft and surrounded by police and others on tarmac (4 shots)
    0.46


    OPEC delegates in Doha have been haggling over price rises since the meeting began. Saudi Arabia had been calling for a price freeze while others wanted 15 per cent rises. Iranian chief delegate Dr. Jamshir Amouzegar stated his case bluntly.



    "It is our considered opinion, it is our belief, it is our conviction, how stronger can I say it, that 15 per cent is not going to damage the economy of the world."



    But Sheikh Ahmed Zaki Yamani left the conference and returned home to Jeddah. It seemed a theatrical move to curb extreme demands as he returned later in the day from Saudi Arabia, the richest Middle East nation. The result is a compromise -- no freeze and no 15 per cent.




    Initials OS


    SATELLITE TELERECORDING

    Script is copyright Reuters Limited. All rights reserved

    Background: The price of the world's oil will rise in the new year. The Organisation of petroleum Exporting Countries, OPEC, will raise oil prices by 10 per cent from the 1st of January for 11 of its 13 members. The other two members, Saudi Arabia and the United Arab Emirates, will only apply for a five per cent increase, it was announced in Qatar on Thursday (16 December).

  • Tags

  • Data

    Film ID:
    VLVA2QQ0XJ0W1CTBN8ODOO0QNTV6M
    Media URN:
    VLVA2QQ0XJ0W1CTBN8ODOO0QNTV6M
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    16/12/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:47:00
    Time in/Out:
    /
    Canister:
    N/A

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