GV & SV Venezuelan Petroleum Minister Hogo Perez La Salvia speaking (3 shots)

MV delegates from Abu Dhabi

MV Indonesian delegates

MV Iran delegates & Iraq delegates (2 shots)

MV Libya and Saudia Arabia delegates (2 shots)

MV Delegates from Venezuela

CU sign Conference Room

TV PAN - MV Shah speaking

MV - SV ditto
10 Initials PS/1817 PS/1835 Script is copyright Reuters Limited. All rights reserved

Background: The Shah of Iran yesterday (Wednesday 4 Feb.) gave the world's major oil companies until Feb 15 to put forward proposals acceptable to the Gulf oil producing countries who are demanding an increased revenue from the sale of their oil. The Shah announced this at the Teheran conference of the 10-nation Organisation of Petroleum Exporting Countries (OPEC) and promised legislation to realise the OPEC countries' demands if the oil companies did not respond before that date.

The film shows the opening of the Extraordinary Ministerial Conference of OPEC with the Venezuelan Petroleum Minister Hogo Prez La Salvia as chairman. The OPEC nations supply 35 per cent of West Europe's oil needs.