CENTRAL INTELLIGENCE BULLETIN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79T00975A010600270001-4
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 8
• Document Creation Date: December 14, 2016
• Document Release Date: April 8, 2003
• Sequence Number: 1
• Publication Date: January 3, 1968
• Content Type: REPORT

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DIRECTORATE OF
INTELLIGENCE
Central Intelligence Bulletin
DEPT OF STATE review(s) completed.
Top Secret
213c.
3 January 1968
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3 January 1968
Central Intelligence Bulletin
CONTENTS
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Iran: The Shah is angered with the consortium over
oil revenues. (Page 5)
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CUBA: Castro's annual speech (Page 7)
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Next 5 Page(s) In Document Exempt
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Iran- LThe Shah appears to be heading for a show-
down with the Western consortium over the issue of
oil revenues for Iran. I
j he Shah is especially angered because the con-
sort um's latest quarterly payment was based in part
on the predevaluation pound, a loss to Iran of about
$12 million. Using such terms as "robbery" and
"thieves," the Shah told the US ambassador on 28 De-
cember that if the consortium members wanted
"war," they could have it. The Shah suggested the
possibility of unilateral legislation to ensure Iran un-
depreciable payments, and to provide for Iranian
sale of oil which the consortium does not export. He
has previously threatened to take the oil revenue is-
sue "to the Iranian people." The consortium states
that its position is legally correct, but it is making
efforts to find some sort of compromise.?
The payments issue is an irritating facet of the
over-all problem of oil revenues which has been
under discussion since October. The Iranian Govern-
ment has presented the consortium with the schedule
of the oil exports required to fulfill Iran's "fourth
plan" (1968- 1972). The Shah claims to need $5. 9
billion from oil revenues for that period, but the con-
sortium believes that this figure is excessive.
Iranian officials concede that the plan was drawn up
on the basis of faulty oil revenue estimates, but in-
sist that the consortium must come up with the money
one way or another.)
The oil revenue problem, a recurring one, is
particularly touchy this year because Iranian expecta-
tions were so high. Iranian officials have assumed
that their cooperation with the consortium during the
Middle East crisis would guarantee them favorable
treatment in the form of greatly increased oil exports.--j
(continued)
3 Jan 68 5
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The Shah has long claimed that Iran, as a stable
and progressive nation, is more deserving of large
revenues than Saudi.Arabia, Kuwait, or the sheikdoms.
He is bitterly disillusioned now that the expected
favorable treatment does not seem to be materializing.,
The consortium believes it is doing all it can for Iran
in view of the near glut in the world oil market.'E
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NOTES
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*Cuba: Fidel Castro devoted most of his annual
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with the revolutionary movement throughout the world. "
developments. He admitted that increased fuel consump-
tion has caused an acute shortage of petroleum products
and said that as a result Cuba will face belt-tightening
and rationing in 1968. Closing the speech with his usual
jab at "US imperialism, " Castro declared Cuba independ-
ent. from any ideology but its own and said that his regime
"will carry forward its internationalist policy of solidarity
2 January speech to a discussion of Cuban economic
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