• Short Summary

    A conference of the 11 biggest oil producers in the non-communist world opened in Vienna on Monday (26 June), with the focus on the contrasting policies of nationalisation in the neighbouring states of Iran and iraq.

  • Description

    A conference of the 11 biggest oil producers in the non-communist world opened in Vienna on Monday (26 June), with the focus on the contrasting policies of nationalisation in the neighbouring states of Iran and iraq.

    Iraq last month nationalist the western-owned Iraq Petroleum Company (IPC) installations and mediation efforts to achieve compensation might come at this summer meeting of the Organisation of petroleum Exporting Countries (OPEC).

    Iran figures largely in the OPEC talks after the Shah, last week in London, indicated that Iran was no longer vitally interested in OPEC negotiations to gain stage-by-stage nationalisation of oil company assets. Stage-by-stage nationalisation has been one of the chief aims of OPEC negotiators in the past two years, together with achieving higher crude prices. There was no official OPEC reaction to the Shah's statement.

    The Shah's move is seen as being bound up with Iran's long-term ambition in the Gulf area, where it is emerging as the strongest military power. The Shah may now wish to take the lead in negotiations between Gulf states and western consumers to demonstrate that those relations can be placed on mutually profitable and stable long-term bases.

  • Tags

  • Data

    Film ID:
    VLVAC028552US5KFOTCA4XQ7IF4NP
    Media URN:
    VLVAC028552US5KFOTCA4XQ7IF4NP
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    26/06/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:43:00
    Time in/Out:
    /
    Canister:
    N/A

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