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Nigeria / Oil Price War #528700

NBC Evening News for Sunday, Feb 20, 1983
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(Studio) Nigeria reported breaking ranks with OPEC (Organization of Petroleum Exporting Countries) to lower oil prices.
REPORTER: Chris Wallace

(DC) Nigeria's economy need to cut prices examined; recent expulsion of Ghanian workers due to economy recalled. [Courtesy "This Wk.", Secretary of State George SHULTZ - notes benefits in general for oil price war.] Saudi Arabia and allies mentioned mtg. to plan alternative to OPEC (Organization of Petroleum Exporting Countries) price war. [Ind. analyst Dan LUNDBERG - thinks Saudis will succeed.] Fin. implications for United States bankers of rapid drop in OPEC (Organization of Petroleum Exporting Countries) prices noted.
REPORTER: Lee McCarthy

McCarthy, Lee;
Wallace, Chris

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