CENTRAL INTELLIGENCE BULLETIN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79T00975A019700070002-5
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 8
• Document Creation Date: December 15, 2016
• Document Release Date: February 25, 2004
• Sequence Number: 2
• Publication Date: August 9, 1971
• Content Type: REPORT

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DIRECTORATE OF
INTELLIGENCE
Central Intelligence Bulletin
Top Secret
C 6
9 August 1971
State Department review completed
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Central Intelligence Bulletin
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INTERNATIONAL OIL: OPEC has a new goal of "partic-
ipation" in Western company operations. (Page 5)
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MALTA: Interim aid request (Page 7)
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INTERNATIONAL OIL: The Organization of Petro-
leum Exporting Countries (OPEC), which earlier this
year reached five-year agreements on increased rev-
enues from Western oil companies, now has set a new
goal of "participation" in these companies.
OPEC will meet in a special session late this
month to discuss various plans--most of them calling
for a 20-percent equity in oil company operations.
Recent OPEC conferences have explored participation
by member governments in oil production as well as
in transport, refinery, and marketing operations.
Although OPEC members appear agreed on the de-
sirability of participation, they probably will take
some time to reach a detailed plan to pursue this
objective. Furthermore, implementation of whatever
measures are decided on would take place over several
years, according to OPEC officials.
It is likely that bilateral discussions between
the 11 OPEC member countries and Western oil com-
panies operating within their borders will soon be-
gin. Wide differences in operating conditions and
varying complications in existing agreements between
governments and oil companies will require extensive
study before a plan acceptable even to OPEC members
can be developed.
9 Aug 71
Central Intelligence Bulletin 5
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r MALTA: Prime Minister Mintoff has told acting
NATO Secretary General Kastl that Malta is faced
with an urgent need for interim funds to prevent a
financial crisis. Mintoff wants NATO to provide
approximately $5 million with "no strings attached"
so that his government can meet current expenses.
He told Kastl that if this aid is not granted by
Thursday, he would order British forces to leave
Malta the following morning. Kastl, who is con-
vinced of the seriousness of Valletta's economic
difficulties, planned to call a special North At-
lantic Council meeting to discuss the situation in
Malta.
9 Aug 71
Central Intelligence Bulletin 7
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