• Short Summary

    In the wake of the Middle East oil crisis, U.S. companies have just concluded an?

  • Description

    In the wake of the Middle East oil crisis, U.S. companies have just concluded an agreement with the South Vietnamese government to begin exploration for oil off South Vietnam's shores.

    At the Ministry for Economy in Saigon on Monday, South Vietnam's Economic Minister, Fham Kim Ngoc, met representatives from three major U.S. oil companies to finalise the off-shore oil exploration agreement.

    During yesterday's ceremony, the South Vietnamese government ??? presented with checks from the three companies taking part in the programme totalling 16 million U.S. dollars. The money, according to Ministry sources, will go towards the reconstruction of the country and the expansion of the country's economy.

    Sunningdale Oil, Mobile Oil and Esso will commence exploration work shortly. Esso has chartered a vessel to begin a seismic survey of South Vietnam's coastal areas on September 25th, and hopes to complete the initial survey before January of next year.

  • Tags

  • Data

    Film ID:
    VLVAB5L6199F8UGPLJRZLIUUDBRM9
    Media URN:
    VLVAB5L6199F8UGPLJRZLIUUDBRM9
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    19/09/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:53:00
    Time in/Out:
    /
    Canister:
    N/A

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