Oil producers split price hike plan at OPEC talks
In Vienna Iran backs a two stage rise to ease a 15 to 16 percent demand while nine of thirteen OPEC members seek moderate increases. Saudi Arabia clings to a small initial rise with a future nominal hike after a long price freeze.
MENTIONED IN THIS ARTICLE
Vienna
Austria
Iran
OPEC
Jamshid Amouzegar
Amouzegar
Organization of Petroleum Exporting Countries
Saudi Arabia
Sheik Ahmed Zaki Yamani
OPEC talks hinge on Yamani as Vienna session drags on
Negotiations continue amid hopes for a compromise with unanimity required for decisions. Yamani, after flying to London for consultations, returns to Vienna and resists a 5 percent ceiling while signaling flexibility. Nigerian minister Akobom critiques Yamani as inflexible. price structure remains at 1046 dollars for Ras Tanura crude with surcharges. Delegation sources anticipate downward adjustments to surcharges as demand weakens from the global recession.
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London
Vienna
Tonjo Akobom
Yamani
OPEC
Saudi Arabia
Ras Tanura
U.S. vows new arms to Israel prompt delivery date shifts
The United States plans to move up the arrival of a new F15 fighter bomber to Israel and to provide an electronic early warning defense system. Israel will also receive the first of 100 Lance missiles next month, with delivery of the Lance system set for early October. Talks include possible F16 aircraft and Pershing missiles, but final decisions await NSC review.
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Washington
United States
Israel
Shimon Peres
U.S
Peres
Egypt
Sinai Peninsula
Europe
Moynihan warns of UN tyranny at General Assembly
United States ambassador Daniel Patrick Moynihan says the United Nations General Assembly is back to wielding majority tyranny, citing steering committee moves to bar debate on a pro South Korean resolution and recalling past blocks against Israel, South Africa, and Yasir Arafat. He warned the U.S. may lose many votes but insisted a representative body must allow discussion and expected Israel not to be barred this year.
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United Nations
United States
Daniel Patrick Moynihan
General Assembly
John A. Scah
Moynihan
Scah
Assembly
Israel
South Africa
Palestine
Yasir Arafat
Japan
Britain
Mozambique
Senegal
CIA Funnels Millions to Portuguese Socialists
AP reports the CIA has been funneling between 2 million and 10 million dollars monthly to the Portuguese Socialist party since June to counter Soviet support for the Portuguese Communist party. Sources say funds moved via Western European contacts and anti-Communist labor groups, with Kissinger approving oversight. Soares denies foreign money, while Washington sources say aid greatly exceeds Soviet support estimates.
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Washington
Central Intelligence Agency
Communist Party
Portugal
CIA
West Germany
Social Democratic Party
State Department
Socialist Party
Soares
Paris
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