• Short Summary

    GENEVA, SWITZERLAND

    The decision by delegates of the Organisation of Petroleum Exporting Countries (OPEC) to protect their marker price of twenty nine US dollars for a barrel of oil by cutting production by one and a half million barrels a day has meant continuing wrangling in Geneva on October 30 as they tried to decide how the cuts will be shared out among member states.

  • Description

    1. CU PULL BACK TO SV & PAN Waiting newsmen playing chess 0.08
    2. SV Nigerian delegates leave meeting and talk together 0.25
    3. SV PAN Saudi Arabian Oil Minister Sheikh Yamani leaving meeting and replies to reporter's question (ENGLISH SOT) 0.34
    4. SV Other delegates and newsmen leave meeting without making comment 0.59
    5. CU Indonesian delegate Dr Subroto at news conference (ENGLISH SOT) 1.31
    TRANSCRIPTS:
    REPORTER: "Any agreement about production"
    YAMANI: "We are about to."
    (SEQUENCE FIVE):
    SUBROTO: "I think I can say that progress has been made about the approach, how to share it and we are very confident that we will be able to reach an agreement on the sharing of the production cut of 1.5 from the 17.5 ceiling."
    InitialsMOD/BB

    EUROVISION RECORDING
    Script is copyright Reuters Limited. All rights reserved

    Background: GENEVA, SWITZERLAND

    The decision by delegates of the Organisation of Petroleum Exporting Countries (OPEC) to protect their marker price of twenty nine US dollars for a barrel of oil by cutting production by one and a half million barrels a day has meant continuing wrangling in Geneva on October 30 as they tried to decide how the cuts will be shared out among member states. Nigeria has already said that it is not prepared to accept any reduction in its quota. Nigeria's unilateral price cut was one of the immediate events which made the OPEC meeting necessary. Saudi Arabia has previously agreed to substantial cuts in order to shore up the marker price, but Saudi Oil Minister Sheikh Yamani would not confirm that his country would do so in this case. He did tell reporters that the delegates were close to agreement on reduced allocations. After the meeting broke up Indonesian delegate Dr Subaroto also told newsman that he was confident that an early agreement could be reached. One reason for such optimism may have been the announcement by the United Arab Emirates that they would consider cutting output without first demanding a revision in pricing structure. The UAE has argued that present pricing favours the heavy crude produced by countries such as Saudi Arabia to the disadvantage of countries such as the UAE which produce higher quality crude.

    Source: SSR

  • Tags

  • Data

    Film ID:
    VLVA3LZ9S6SEURN3C46T8IYS9UFD0
    Media URN:
    VLVA3LZ9S6SEURN3C46T8IYS9UFD0
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    30/10/1984
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:31:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment