• Short Summary

    Crown Prince Fahd of Saudi Arabia, his brother Prince Salman Ibn Abdulaziz and Saudi Arabian Foreign Minister Prince Saud were the guests of French President Valery Giscard d'Estaing at a working lunch at the Elysee Palace in Paris on Sunday (13 May).

  • Description

    Crown Prince Fahd of Saudi Arabia, his brother Prince Salman Ibn Abdulaziz and Saudi Arabian Foreign Minister Prince Saud were the guests of French President Valery Giscard d'Estaing at a working lunch at the Elysee Palace in Paris on Sunday (13 May).

    SYNOPSIS: After the meeting, which was also attended by French Prime Minister Raymond Barre, Prince Fahd was asked about his country's attitude towards oil prices increases.

    Speaking to newsmen through an interpreter, the crown Prince said that Saudi Arabia's position on this issue was well known and that as far as the price of oil was concerned, his country had adopted a moderate stand.

    Prince Fahd added that to a certain extent the question also depended on the Organisation of Petroleum Exporting Countries -- OPEC -- but that as far as Saudi Arabia was concerned they did not intend to ask for an increase in the price of oil.

    The Prince also explained that the reason why Saudi Arabia did not want an increase was that it would create economic problems for Europe, Asia and Africa. The Prince's comments stemmed from questions about Iran's decision to increase the price of its crude oil by sixty U.S. cents per barrel -- a move expected to lead to another escalation of world petroleum prices.

    Saudi Arabia is France's main oil supplier, with thirty nine million tonnes delivered last year, comprising thirty four point five per cent of France's crude oil imports. President Giscard has been pressing oil producers to stop increasing prices.

  • Tags

  • Data

    Film ID:
    VLVADMJG7OQ93VDKOAMOGE8SV8BOB
    Media URN:
    VLVADMJG7OQ93VDKOAMOGE8SV8BOB
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    14/05/1979
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:40:00
    Time in/Out:
    /
    Canister:
    N/A

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