INDIA : SAUDI ARABIAN OIL MINISTER SHEIKH YAMANI PREDICTS NO INCREASE IN OIL PRICES THIS YEAR.

Record ID: 189697

  • Title: INDIA : SAUDI ARABIAN OIL MINISTER SHEIKH YAMANI PREDICTS NO INCREASE IN OIL PRICES THIS YEAR.
  • Date: 9th February 1975
  • Summary: 1. SV Sheikh Yamani and Arabs seated. 0.08 2. CU Journalists. 0.14 3. CU Yamani speaks. 1.00 4. MV Journalists. 1.03 5. SV Yamani and Arabs. 1.07 6. CU Journalists. 1.12 7. CU Yamani speaks. 1.44 TRANSCRIPT: SEQ. 3: YAMANI: "There's not enough to meet the world wide demand, except for 25 or 30 years unless a very sincere efforts are taken to conserve and avoid the western use of this valuable material and a sincere effort to discover more oil and establish addition sources of energy. In Saudi Arabia we welcome a move of this kind." Sheikh Yamani was also asked about a possible threat of American intervention to keep oil supplies flowing. SEQ. 7: YAMANI: "In Saudi Arabia we don't take that threat seriously. We know that it is a very risky matter and any national Government will never take an irrational action at this time because it means a disaster for the whole world and an end to western civilisation." Initials ET/1855 ET/1906 Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 24th February 1975 12:00
  • Keywords:
  • Location: NEW DELHI: INDIA
  • Country: India
  • Reuters ID: LVADU67JBCFRAFLUSCD6MW2L3RZN
  • Story Text: The Saudi Arabian Oil Minister,Sheikh Ahmed Zaki Yamani told a news conference in New Delhi on Saturday (8 February) that he did not think oil prices would increase this year. He noted that oil producers had already decided to freeze prices until September the first and he hoped that date could be extended into next year.)
    Sheikh Yamani also was asked about the extent of oil supplies left in the producing nations.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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