A symposium to discuss joint exploration ventures in oil-short countries and the sharing of technical know-how, opened in Vienna on Tuesday (7 March).
SV: Chancellor of Austria Dr Bruno Kreisky speaks in German.
CU: Ludwig Bauer seated looking towards rostrum.
SV: delegates taking notes
SV: delegates listening as Bauer speaks in English. (5 shots)
BAUER: "I believe that it is not by chance that I, an Austrian, am to discuss these problems. Since more than two decades Austria owns and operates a successful state petroleum enterprise, one covering the whole range of the oil and natural gas industry, from exploration, exploitation, production to refining and distributing. We are therefore of the opinion that it will be the task of national petroleum companies to create in their respective countries an orderly natural gas industry. With our associates we have had great success in the gas sector and can not only take care of producing natural gas, but also of its transport and storage."
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Background: A symposium to discuss joint exploration ventures in oil-short countries and the sharing of technical know-how, opened in Vienna on Tuesday (7 March). Organised by the United Nations, the symposium will last for a week, and is being attended by representatives of more than 60 countries, some of them oil-producing Arab nations.
SYNOPSIS: Delegates were welcomed by Austrian Chancellor Dr Bruno Kreisky. He told his audience that because of the rarity and high cost of oil, it should not be marketed according to the principles of private enterprise. The United Nations called the symposium because it believes the recent mushrooming of state petroleum enterprises was a manifestation of mounting concern for energy resources and supplies. He said energy resources had become an urgent preoccupation for many countries.
Mr Ludwig Bauer, president of Austrian Oil Administration seen here with other delegates, spoke next on co-operation among state petroleum enterprises.