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Oil Industry / OPEC Meeting / Price Incr. / Iran Income #41234

ABC Evening News for Tuesday, Dec 14, 1976
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(Studio) OPEC (Organization of Petroleum Exporting Countries) to begin meeting Wednesday in Qatar. If oil prices raised, inflation in all oil importing ntns. will worsen. Today, Saudi Arabian oil minister Ahmed Zaki Yamani says his country will oppose price increase during next 6 mos. Before Yamani's statement, Carter asked at press conference with regard to his role in public and private pressure on OPEC (Organization of Petroleum Exporting Countries) to keep hike to minimum. [CARTER - says Cyrus Vance has met with Kissinger several times and both have talked with OPEC; he believes some progress made.] Both Ford and Carter are fighting price increase, but may not succeed.
REPORTER: Barbara Walters

(DC) Report on chances of price increase being held back; notes pressure by Ford and Carter on Arab ntns. and probability of some increase, even if not as much as expected earlier.
REPORTER: John Scali

(Studio) Contrast in views of price hike of Saudi Arabia and Iran noted. Difference is in ways oil income used.
REPORTER: Barbara Walters

(Persian Gulf) Report on Iran's development program which uses oil income.
REPORTER: Bill Brannigan

Reporter(s):
Brannigan, Bill;
Scali, John;
Walters, Barbara
Duration:
00:05:00

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