EAST EUROPE BRANCH NOTES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79B00864A001400010029-5
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: July 20, 2005
• Sequence Number: 29
• Publication Date: June 21, 1974
• Content Type: NOTES

Approved For Release 2005/08/03 : CIA-RDP79B00864A0001400010029-5
#84 EAST EUROPE B.,NCH NOTE . OCT 4.0590/'74
21 ,Tune 1974
CZEC:HOSLOVAKEA
'C.ze'c`l os`loVa'ki - 'Se`ek's` Alt'ernativ'e 'S`our'ces: tif Petroleum
Prague and Budapest have signed an agreement to. construct
the Hungarian section of the P.an-Adria oil'pipeline. Terms
of .the agreement provide'-Hungary with C.zechosl.ovak credits for
construction materials. The completed pipeline (scheduled for
late 1976) will link Czechoslovakia and Hungary with .the deep-
water ports of. Omisalj, Yugoslavia, the projected terminus for
Arabian oil.
Prague's willingness. to. cooperate wi.th:.Hungary?inthe
Adria project is. consistent with its. other. ef.fb.rts to. diversify
energy sources. Currently only a small percent of petroleum
requirements is :supplied by Arab p.roducers.via rail from
Yugoslav ports.
By making provisions .for more abundant supplies. o.f..Arab
oil, Czechoslovakia can lessen its. overwhelming. dependence
on Moscow for crude oil. Moscow's ability to. exert overt
pressure, however, will not be diminished. Moreover, the
hard currency drain to, Arab .countries and the instability
of Middle East oil suppliers, may well lead Czechoslovaks
25X1
to yearn for the relatively. cheaper and more secure supply
25X1
Approved For Release 2005/08/03 : CIA-RDP79B00864A001400010029-5