• Short Summary

    The Indian government's anxiety over the price and availability of oil supplies has brought two high ranking delegations to New Delhi in the last few days.

  • Description

    The Indian government's anxiety over the price and availability of oil supplies has brought two high ranking delegations to New Delhi in the last few days.

    On Monday (14th January), an Iranian delegation, led by the Minister of Economy, Dr. Hooshang Ansari, met Prime Minister Indira Gandhi.

    Iran, one of India's biggest oil suppliers, has increased her prices along with other Middle East suppliers and the Indian government fears the additional cost will cripple its economy.

    After meeting Mrs. Gandhi, the Iranian delegation had talks with her Secretariat, led by the Foreign Minister, Mr. Swaran Singh.

    India is believed to have some of the world's richest reserves of crude oil and some exploration is being undertaken in collaboration with the Soviet Union. A Soviet delegation led by the Minister of the Oil Industry, Valentin Shashin, arrived in New Delhi for talks with the Indian government while the Iranian delegation was there Monday (14th January).

    Mr. Shashin and the Indian oil minister Dev Kanta Barooah, signed an agreement to increase the pace of oil exploration in India. The Soviet Union also agreed to immediately supply one million tons of kerosene oil urgently needed to keep the lamps burning in India's villages and huts.

    The agreement was a direct result of the Indo-Soviet agreement Mrs. Gandhi signed with the General Secretary of the Soviet Communist party, Mr. Brezhnev, during his visit to New Delhi last November.

  • Tags

  • Data

    Film ID:
    VLVAD9C26JKLWUEF491N21XA4BGIG
    Media URN:
    VLVAD9C26JKLWUEF491N21XA4BGIG
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    16/01/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:45:00
    Time in/Out:
    /
    Canister:
    N/A

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