• Short Summary

    France appears certain to become entangled in the European oil crisis, despite Arab assurances that she "has no need to worry about petrol".

  • Description

    1.
    GV and SV Champs Elysee and traffic (2 shots)
    0.18

    2.
    SV Vehicles at petrol station, pumping gas, and paying attendant (4 shots).
    0.40

    3.
    LV Petrol barge up river.
    0.51

    4.
    SV Barges docked by oil refinery.
    1.00

    5.
    GV Barges at side of river.
    1.02

    6.
    SV PAN FROM Pipes at riverside TO oil lines in refinery (2 shots)
    1.15

    7.
    GV Petrol storage tanks (5 shots)
    1.33



    Initials APSM/1540 APSM/1606



    Script is copyright Reuters Limited. All rights reserved

    Background: France appears certain to become entangled in the European oil crisis, despite Arab assurances that she "has no need to worry about petrol". On Monday (November 5th), the visiting Egyptian Presidential adviser, Mohammed al Zayyat, told the French Government that France had a "special position" in Arab eyes, and its supplies of oil were safe.

    But the problem is not merely one of a fuel shortage. It also poses major political questions arising from France's membership in the European Economic Community (E.E.C).

    France, in the short term, is in a better position than most of her neighbours as far as oil is concerned. She depends on the Arab countries for 82 per cent of her oil requirements --- 64.7 per cent from the Middle East and 17.3 per cent from Algeria and Libya -- and also has very large stocks in hand.

    The price of petrol in France has already increased because of the crisis, but rationing is not contemplated for the present. The Government on Tuesday (November 6th) barred the hoarding of petrol and asked people to economise wherever possible. But the measures were noticeably less tough than those taken by some other European countries.

    It is the Arab boycott of Holland--and indirectly of West Germany and Belgium--that poses the embarrassing political question for France. Under the terms of E.E.C. membership, Holland ought to be able to buy oil from France and other member nations still receiving supplies.

    President Pompidou has proposed a summit conference of the E.E.C. members to work out a common policy on the Middle East and to agree on political co-operation in the future. Another proposal, by the E.E.C. Commission Chairman, Mr. Ortoli, is that member Governments temporarily delegate to him the necessary powers to ensure free access for all members to the available oil within the community. It is an open question whether France is prepared to hand over such powers to the Commission, and endanger her status with the Arab oil producers.

  • Tags

  • Data

    Film ID:
    VLVA2CO5IFK2XX6VT8EKMKR6M9XG6
    Media URN:
    VLVA2CO5IFK2XX6VT8EKMKR6M9XG6
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    07/11/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:32:00
    Time in/Out:
    /
    Canister:
    N/A

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