• Short Summary

    At the end of a three-and-a-half hour meeting on Sunday (18 November) in Vienna's Intercontinental Hotel, Ministers representing the ten Arab oil producing nations decided not to impose a five-per-cent oil cut-back planned for December on European Common Market countries.

  • Description

    1.
    SCU PAN Arab Oil official through crowds and into lift.
    0.19

    2.
    SV ZOOM INTO CU Arab spokesman speaking to newsmen.
    1.39


    SPOKESMAN: "The Arab Oil Ministers met in Vienna on eighteen-eleven (18 November) 1973, in the series of meetings that they have decided to hold periodically in order to review the measures to be undertaken in order to implement their decision of the seventeen-ten (17 October) 1973. In appreciation of the political stand taken by Common Market countries and their communique regarding the Middle East crisis, it has been decided not to implement the five per cent reduction for the month of December as it applies to Europe only. However, the assigned cut in production for the said month will apply to all nations other than those which are exempted at the rate of five per cent of the December production, applicable to the January production. Also the embargo, as was previously decided, will continue to apply to the United States and Holland. Thank you".




    Initials APSM/1937 APSM/20.02



    Script is copyright Reuters Limited. All rights reserved

    Background: At the end of a three-and-a-half hour meeting on Sunday (18 November) in Vienna's Intercontinental Hotel, Ministers representing the ten Arab oil producing nations decided not to impose a five-per-cent oil cut-back planned for December on European Common Market countries. However, one of the nine European Common Market countries, the Netherlands, along with the United States will still be without Arab oil.

    A spokesman for the Arab Ministers delivered a prepared statement at the end of the meeting.

  • Tags

  • Data

    Film ID:
    VLVAY0MO4DV9PY6HASLQR7XVTCY7
    Media URN:
    VLVAY0MO4DV9PY6HASLQR7XVTCY7
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/11/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:40:00
    Time in/Out:
    /
    Canister:
    N/A

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