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Oil Meeting #42659

ABC Evening News for Monday, Mar 08, 1976
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(Studio) Since Saturday, representatives of 4 American oil companies meet with Saudi Arabia oil minister, Sheik Ahmed Eaki Yamani.
REPORTER: Howard K. Smith

(Panama City, Florida) American oil men and Yamani discuss transfer of American's 40% interest in Aramco to Saudis. Security tight here. Main concern is for Yamani, who was kidnapped at Vienna OPEC (Organization of Petroleum Exporting Countries) meeting Rptd. Yamani willing to pay large amount and guarantee Exxon, Texaco, Mobil and Standard of California contd. long-term supply of oil at favorable prices.
REPORTER: Charles Murphy

Murphy, Charles;
Smith, Howard K.

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