• Short Summary

    Government Ministers of Libya, Algeria, Iraq and Saudi Arabia met in Tripoli on Monday (15 March) to discuss the outcome of three weeks of secret price negotiations with 25 western oil companies.

  • Description

    Government Ministers of Libya, Algeria, Iraq and Saudi Arabia met in Tripoli on Monday (15 March) to discuss the outcome of three weeks of secret price negotiations with 25 western oil companies. Libya has been negotiating with the oil companies on behalf of the three other countries.

    The countries are asking for increased oil revenues, and the four ministers were expected to discuss Libya's threat to nationalize the petroleum industry.

    The four ministers issued a joint statement at the end of the meeting warning that they would cut off oil supplies unless the oil companies met the higher prices by a date still to be fixed.

  • Tags

  • Data

    Film ID:
    VLVACX9NFV998ZNOWG4MAZ78XHWHT
    Media URN:
    VLVACX9NFV998ZNOWG4MAZ78XHWHT
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    17/03/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:55:00
    Time in/Out:
    /
    Canister:
    N/A

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