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Economy / Oil Prices / Iran #34826

ABC Evening News for Saturday, Nov 15, 1975
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(Studio) West Europe and United States concerned with rising price of oil, which is mbrship. fee into industry club for cntrys. like Iran.
REPORTER: Ted Koppel

(Iran) Cost 16 cents/barrel for oil production. Most prolific well pumps out 45,000 barrels daily. Some of it sent to largest export refinery in world at Abadan. 90% of crude oil sold to consortium or West oil cntrys. Present volume of exports can't be sustained forever. Iran will also be worried about oil prices at end of century.
REPORTER: Hilary Brown

Reporter(s):
Brown, Hilary;
Koppel, Ted
Duration:
00:02:30

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