• Short Summary

    The special United Nations debate on world economic problems continued on Tuesday (April 16) with stern warnings from two oil exporting countries -- Iraq and Saudi Arabia -- that the industrialised countries had largely caused the present energy crisis through their greedy demand for cheap oil and that they must play their part in staving off a world recession.

  • Description

    The special United Nations debate on world economic problems continued on Tuesday (April 16) with stern warnings from two oil exporting countries -- Iraq and Saudi Arabia -- that the industrialised countries had largely caused the present energy crisis through their greedy demand for cheap oil and that they must play their part in staving off a world recession.

    The Ecuador Energy Minister, Captain Gustavo Ampudia, congratulated the oil producer on taking such firm action about prices and suggested that primary producers of other raw materials should do the same.

    Iraq's Minister of Oil and Minerals, Mr. Saadoon Hammadi, said that the ever-widening gap between rich and poor countries was as much the fault of the industrialised countries as the oil-exporters, because the terms of world trade were so unfair.

    Finally, Saudi Arabian Petroleum Minister, Sheikh Ahmed Yamani, warned that a worldwide recession could only be avoided through international co-operation.

    Energy Minister Ampudia spoke for Ecuador. Below is a translation from Spanish into English.

    Minister of Oil and Minerals, Mr. Saadoon Hammadi, spoke for Iraq.

    Finally, Petroleum Minister, Sheikh Ahmed Yamani spoke for Saudi Arabia.

  • Tags

  • Data

    Film ID:
    VLVA4JGI6X6UKVMMQ7E1P8NOTYN1W
    Media URN:
    VLVA4JGI6X6UKVMMQ7E1P8NOTYN1W
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    01/04/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:03:06:00
    Time in/Out:
    /
    Canister:
    N/A

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