OAPEC Urges OECD to Channel Oil Savings into Aid to the Third World
The Organization of Arab Petroleum Exporting Countries (OAPEC) has called on the industrialized countries to use the estimated $100bn saved this year through lower oil prices for the benefit of the Third World.
In an editorial entitled "Will Lower Oil Prizes Mean more OECD Aid to Developing Countries?" the March issue of the OAPEC Bulletin argues that the OECD countries will save about $80bn in 1986...
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