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OPEC #307887

CBS Evening News for Saturday, Dec 20, 1986
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(Studio: Bruce Morton) Report introduced.

(Geneva, Switzerland: Margaret Rod) All OPEC (Organization of Petroleum Exporting Countries) members except Iraq reported agreeing on new oil production and pricing schedule; details given, scenes shown. [Secretary general Fadhil al-CHALABI - announces plan.] Role of Iran-Iraq war in cartel's agreement explained; Saudi oil minister Hisham Nazer's success in swaying Iran to sign accord mentioned.

(Studio: Bruce Morton) Report introduced.

(Dallas, Texas: Harry Smith) Expected impact on United States oil-producing states of OPEC (Organization of Petroleum Exporting Countries) price hike discussed; scenes shown. [Oil expert Alex HOLMES - cites Oklahoma's need for higher oil prices.] Southwest's economy problems linked to international oil market described. [Petroleum engineer Willem VAN RENSBURG - explains danger inherent in OPEC (Organization of Petroleum Exporting Countries) accord.]

Reporter(s):
Morton, Bruce;
Rod, Margaret;
Smith, Harry
Duration:
00:02:50

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