CURRENT INTELLIGENCE BULLETIN - 1954/02/17
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
02993980
Release Decision:
RIPPUB
Original Classification:
U
Document Page Count:
5
Document Creation Date:
August 20, 2019
Document Release Date:
August 30, 2019
Sequence Number:
Case Number:
Publication Date:
February 17, 1954
File:
Attachment | Size |
---|---|
CURRENT INTELLIGENCE BULL[15689385].pdf | 98.46 KB |
Body:
Approved for Release: 2019/08/02 CO2993980
�
T P-SEC-REP
17 February 1954
Copy No, 84
CURRENT INTELLIGENCE BULLETIN
DOCUMENT NO. -I-2
NO CHANGE IN CLASS. V
{1 DECLASSIFIED
CLASS. CHANGED TO: IS S C
NEXT REVIEW DATE. 0 0 9_
AUTH: HR 70-1141
DATE: tICIA.31-FiEVIE'WER:
" VI�
Office of Current Intelligence
CENTRAL INTELLIGENCE AGENCY
-TOP
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a vier A J I 1�.1.-: A
SUMMARY
GENERAL
FAR EAST
Japan asks American sponsorship of Asian regional conference
(page 3).
SOUTHEAST ASIA
NEAR EAST - AFRICA
Iraq plans increase in oil production (page 5).
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GENERAL
1.
FAR EAST
2. Japan asks American sponsorship of Asian regional conference:
Foreign Minister Okazaki suggested
to Harold Stassen on 15 February that
the United States take the lead in call-
ing a conference of the free nations of
the Far East and Southeast Asia to discuss a payments organiza-
tion, similar to the European Payments Union, as a basis for
greater regional cooperation. He explained that Japan could not
take the initiative because of the widespread fear of Japanese
economic aggression.
Okazaki said that Japanese policy
envisions the eventual development of a regional security organ-
ization, but this is now considered premature in the absence of
greater economic strength and mutual understanding.
Comment: For the Japanese, such a
conference would be vastly preferable to the anti-Communist con-
ference recently proposed by South Korean president Rhee.
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SOUTHEAST ASIA
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vila,I 1/4.11 01...%-dIA.L.. A.
NEAR EAST - AFRICA
5. Iraq plans increase in oil production:
A proposed diversion of the unused Kirkuk-
Haifa pipeline to Lebanon's port of Sidon
would increase the flow of crude oil from
Iraq by about 6,000,000 tons annually, a
25-percent increase over its current production,
Comment: Another 6,000,000 tons from
this company, in which the Anglo-Iranian Oil Company holds a quarter
Interest, would probably complicate any efforts to market Iranian oil.
Iraq Petroleum has been contemplating this increase in production for
several months.
The Haifa pipeline has not been used since
the Arab-Israeli fighting in 1948, and IPC has been under pressure
from Baghdad to recoup the resulting loss.
Diversion of the oil to Lebanon is likely.
It would tend to induce Lebanon to ratify a 1952 pipeline agreement
and thereby cease the agitation for its renegotiation.
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