1973 oil crisis - The agreement raises posted prices of oil delivered to the Mediterranean from $2.55 to $3.45 per barrel
Time: Friday Apr 2, 1971
Place: Tripoli, Libya
Details: Libya concludes five weeks of negotiations with Western oil companies in Tripoli on behalf of itself, Saudi Arabia, Algeria, and Iraq. The agreement raises posted prices of oil delivered to the Mediterranean from $2.55 to $3.45 per barrel; provides for a 2.5 percent annual price increase plus inflation allowance; raises the tax rate from a range of 50-58 percent to 60 percent of the posted price.
Related
Near
1973 oil crisis-Libya nationalizes 51 percent of nine other companies' concessions
Saturday Sep 1, 1973 - Libya
1973 oil crisis-Libya nationalizes 51 percent of Occidental Petroleum concession and of the Oasis consortium
Aug, 1973 - Libya
1973 oil crisis-Libya nationalizes British Petroleum concession
Tuesday Dec 7, 1971 - Libya
1973 oil crisis-Libya raises posted prices and increases tax rate from 50 percent to 55 percent
Friday Oct 9, 1970 - Libya
1973 oil crisis-Libya acquires a 50 percent interest in two ENI concessions
Saturday Sep 30, 1972 - Libya
On This Day - 2 April
Holy Roman Empire-Richard's death (Richard of Cornwall)
Saturday Apr 2, 1272 - Berkhamsted Castle, Hertfordshire, England
Byzantine Empire-Sultan Mehmed's siege
Saturday Apr 2, 1453 - Constantinople, Byzantine Empire
Napoleon-Acte de déchéance de l'Empereur
Saturday Apr 2, 1814 - Luxembourg Palace, Paris, France
Dmitri Mendeleev-Second Marriage
Sunday Apr 2, 1882 - Russia
Titanic-Sea Trails Began
Tuesday Apr 2, 1912 at 06:00:00 AM - Southampton, United Kingdom
April 1971
Igor Stravinsky-The Edema Returned
Sunday Apr 4, 1971 - 920 Fifth Avenue, New York, New York, U.S.
Igor Stravinsky-Death
Tuesday Apr 6, 1971 at 05:20:00 AM - 920 Fifth Avenue, New York, New York, U.S.
1971
Xanana Gusmão-Gusmão Completed His National Service
1971 - Timor-Leste
Mobile Phones-The First automatic analog Cellular Systems
1971 - Tokyo, Japan
Mobile Phones-ARP System
1971 - Finland
Josip Broz Tito-Re-elected as President of Yugoslavia by the Federal Assembly for the sixth time
1971 - Yugoslavia
Computer-The First single-chip microprocessor
1971 - U.S.