• Short Summary

    Arab oil is flowing again to the Netherlands.

    An eight-month-old ban on petroleum supplies to the?

  • Description

    Arab oil is flowing again to the Netherlands.

    An eight-month-old ban on petroleum supplies to the Netherlands was lifted at a meeting of nine Arab oil nations in Cairo on Wednesday (10 July).

    The Netherlands was the only country remaining on the Arab oil black-list since last October's Middle East war. The Arab countries lifted the oil embargo on the United States last March following the Egyptian-Israeli troop disengagement agreement engineered by U.S. Secretary of State Dr. Henry Kissinger.

    The embargo was designed to put pressure on countries considered sympathetic to the Israeli cause. It had remained in force against the Netherlands because, according to the Arabs, that country had not shown itself to be any more favourably disposed towards the Arabs or less sympathetically inclined towards Israel.

    A statement issued after Wednesday' meeting said the decision to lift the ban had been "an expression of the concern of Arab countries for a United European entity."
    The spokesmen for the Ministers, Egypt's Deputy Minister for Petroleum Salim Rizgallah, explained to Visnews cameraman Bob Weaver that the Netherlands should feel immediate relief:
    SYNOPSIS: Cairo's Nile Hilton Hotel and a decision that has once again sent Arab oil following to the Netherlands.

    Oil Ministers from nine Arab oil producing countries met on Wednesday and agreed to lift the eight-month-old ban on petroleum supplies to the Netherlands. The embargo was designed to bring pressure on countries considered sympathetic to the Israeli cause during last October's Middle East war. A similar embargo against the United States was lifted last March after Secretary of State Dr. Henry Kissinger engineered an Egyptian-Israeli troop disengagement.

    Earlier moves to lift the Dutch ban were thwarted by Saudi Arabian Oil Minister Sheikh Ahmed Yamani. He argued that the Dutch had not shown themselves favourably disposed towards the Arab cause. Now, conference spokesman Salim Rizgallah expects immediate relief for the Netherlands.

    In addition to the embargo decision, the Ministers approved the establishment of a Petroleum Investments Company. With capital of about four hundred and fifty million pounds, it will assist Arab oil industry projects.

  • Tags

  • Data

    Film ID:
    VLVAD08AGPZGCXT7BG4O4SYHLHLK4
    Media URN:
    VLVAD08AGPZGCXT7BG4O4SYHLHLK4
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    10/07/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:42:00
    Time in/Out:
    /
    Canister:
    N/A

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