Sheikh Akhmed Zaki Yamani, at a news conference in Rome, at the Grand Hotel, on Saturday (12 January) said that the opinion of his Government (he's the Saudi Arabian Oil Minister) was that the prices for oil fixed in Teheran last month were "a little bit on the high side".
GV Yamani seated surround by officials and news men
CU Yamani speaks
"Before the October war and before we took our oil measures, the whole world or at least the majority of the members of the international community, were either completely indifference about the occupation of our territories or even assisting and helping the aggressors, and the policy of expansion. It's only after the war and after the oil measures that we have been able to draw the attention of the public opinion all over the world to the Problem we are facing and to the justice which does not exist. Now I want to completely reject the ideas of Arab members of OPEC and non-Arab members of OPEC: the Arabs are the good people and the non-Arabs are the bad people. Though i am an Arab but you notice I'm member of OPEC. So I want to clarify that point. And if you want the opinion of the government of Saudi Arabia I can tell you that we don't want thigh prices, that we think that even the prices of the Teheran decision was a little bit on the high side.
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Background: Sheikh Akhmed Zaki Yamani, at a news conference in Rome, at the Grand Hotel, on Saturday (12 January) said that the opinion of his Government (he's the Saudi Arabian Oil Minister) was that the prices for oil fixed in Teheran last month were "a little bit on the high side".
Sheikh Yamani is on another tour of Europe to explain the Arab's position and the news conference came at the end of two-day visit to Rome where he met President Giovanni Leone, Prime Minister Mariano Rumor and other Government Ministers. With him as the Algerian Ministry of Industry and Power, Mr. Belaid Abdessalem.
Sheikh Yamani commented on the proposal from President Nixon that oil consuming countries should meet next month. The Sheikh said that a confrontation between oil users and producers could have disastrous consequences for the world as a whole, He dented a recent report in a Kuwaiti newspaper that any county attending the conference would automatically be branded as an enemy.