CENTRAL INTELLIGENCE BULLETIN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79T00975A018100010003-7
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 7
• Document Creation Date: December 14, 2016
• Document Release Date: July 31, 2003
• Sequence Number: 3
• Publication Date: January 21, 1971
• Content Type: REPORT

Approved For Release 2003/08/26 : CIA-RDP79T00975A0181TW ret
DIRECTORATE OF
INTELLIGENCE
Central Intelligence Bulletin
State Department review completed
Top Secret
42
T
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Approved For Release 2003/08/26: CIA-RDP79T00975A01800OE RY 1971
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21 January
Central Intelligence Bulletin
CONTENTS
INTERNATIONAL OIL: Meaningful negotiations between
the oil companies and OPEC appear possible. F
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*INTERNATIONAL OIL: Representatives of West-
ern oil companies and those of the Organization of
Petroleum Exporting Countries (OPEC) are now engaged
in preliminary skirmishing that could lead to mean-
ingful negotiations.
A two-man team representing Western oil com-
panies discussed OPEC's demands for increased oil
revenues last Tuesday with a committee composed of
representatives of Iran, Iraq, and Saudi Arabia,
acting only for Persian Gulf members of OPEC.
Moderate Persian Gulf members had declare
that they would be forced to associate themselves
with the demands of the more radical states, if the
companies stick to their position of dealing with
OPEC as a whole. The general meeting of OPEC sched-
uled for 23 January has been postponed at least un-
til Monday, pending the results of today's meeting.
Libya and Algeria may be waiting for the out-
come of the OPEC meeting before making their next
move. Prior to the postponement of that meeting
Libya had given Occidental and Bunker Hunt oil com-
panies until Sunday to reconsider their association
with the industry's united front. Bilateral negotia-
tions between France and Algeria have resumed at a
low key, apparently also pending developments in
the OPEC discussions.
Reaction in the Communist world has been
largely limited to the usual Soviet propaganda
statements about Western exploitation of the oil
producing countries.
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*Because of the shortage of time for preparation of this item, the analytic
interpretation presented here has been produced by the Central Intelli-
gence Agency without the participation of the Defense Intelligence
Agency, Department of Defense.
Central Intelligence Bulletin
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