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OPEC Meeting #499321

NBC Evening News for Sunday, Jun 18, 1978
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(Studio) Saudi Arabia's Crown Prince Fahd's arrival in Geneva where OPEC mins. meet and disagree on oil price hike or freeze issue reported Earlier expectations that Iraq and other leftists would try to get increase and that Saudi Arabia would veto it and end meeting noted; different outcome mentioned.
REPORTER: Jessica Savitch

(Geneva, Switzerland) Details given about debate over price of oil; Saudi Sheik Ahmed Zaki al Yamani's support for price freeze and push by radicals and some moderates for hike stated. Iran oil minister's report that there will be no increase due to inflation noted. [Dr. Mohammed YAGAMEH - thinks there will be no price increase due to inflation.] OPEC (Organization of Petroleum Exporting Countries) concerns about dollar values outlined. Yamani's driving of his Rolls Royce for mtg. with Prince Fahd cited.
REPORTER: John Cochran

Cochran, John;
Savitch, Jessica

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