- Title: ALGERIA: OIL AGREEMENT SIGNED BETWEEN ALGERIA, LIBYA AND IRAQ
- Date: 23rd May 1970
- Summary: 1. MV Delegates seated 0.06 2. SV Cameraman 0.10 3. MV Delegates sign treaty (6 shots) 0.50 4. SCU Secretary 0.53 5. MV & CU Algerian delegate Abdesselam (in dark suit) 1.00 6. CU Iraqi delegate Hamadi 1.02 7. MV Delegates 1.04 8. CU Libyan delegates El-Mabrouk 1.07 9. MV Delegates leave table 1.14 Initials SAW/VS/PN/PC Script is copyright Reuters Limited. All rights reserved
- Embargoed: 7th June 1970 13:00
- Keywords:
- Location: ALGIERS, ALGERIA
- Country: Algeria
- Reuters ID: LVA3KNBASJ7OEBGEIAHOFEBVYQ3G
- Story Text: An agreement on oil policy was signed between Algeria, Libya and Iraq in Algiers on Friday (22 May).
After a two day meeting at the Algerian Ministry of Power and Industry delegates form the three countries signed a treaty to set up a mutual aid fund. The delegates also agreed to co-operate on joint projects in the petroleum industry. The aim of the conference was to establish a common front against what was described as "International monopolies".
After the signing ceremony the Algerian delegate, M. Belaid Abdesselam, said he hopped all oil producing countries would eventually join the pact.
The Iraqi representative was M. Saadance Hamadi and M. Azzedine El-Mabrouk signed the agreement for Libya.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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