CENTRAL INTELLIGENCE BULLETIN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79T00975A021400040003-7
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 7
• Document Creation Date: December 15, 2016
• Document Release Date: February 27, 2004
• Sequence Number: 3
• Publication Date: March 10, 1972
• Content Type: REPORT

Approved Fo Iease 2004/05/05: CIA-RDP79T009 021 I f9ftlet
DIRECTORATE OF
INTELLIGENCE
Central Intelligence Bulletin
Top Secret
State Department review completed
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Central Intelligence Bulletin
CONTENTS
INTERNATIONAL OIL: ARAMCO agrees to Saudi partici-
pation (Page 11)
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INTERNATIONAL OIL: ARABIAN AMERICAN OIL.C M-
PANY {ARAMCO} WILL INFORM KING FAISAL TONIGHT OF
ITS AGREEMENT IN PRINCIPLE TO 20-PERCENT PARTICIPA-
TION BY THE SAUDI ARABIAN GOVERNMENT IN ALL COMPANY
OPERATIONS,
DURING RECENT NEGOTIATIONS, -
PANY OFFERED ONLY TO ACCEPT PARTICIPATION IN CUR-
RENTLY NON-PRODUCING AREAS OF EXISTING CONCESSIONS. 25X1
KING FAISAL RESPONDED BY PUBLICLY URGING ARAMCO TO
AGREE TO 'OEFFECTIVE PARTICIPATIONdO AS AN ALTERNA-
TIVE TO UNILATERAL GOVERNMENT ACTION. SAUDI ARABIAN
OIL MINISTER YAMANI PRESUMABLY WILL REPORT THIS DE-
CISION TO ALL MEMBERS OF THE ORGANIZATION OF PETRO-
LEUM EXPORTING COUNTRIES {OPEC} WHO MEET IN BEIRUT
TOMORROW ON PARTICIPATION IN WESTERN OIL COMPANY
OPERATIONS. WHILE THIS DECISION APPLIES ONLY TO
ARAMCO IN SAUDI ARABIA, IT MEETS OPEC DEMANDS.
OTHER COMPANIES PRESUMABLY WILL MAKE SIMILAR OFFERS
TO OTHER OPEC MEMBERS BECAUSE OF THE COMPLEXITY OF
TRANSLATING THE PRINCIPLE INTO PRACTICAL AGREEMENTS,
NEGOTIATIONS PROBABLY WILL BE PROTRACTED.
(continued)
Central Intelligence Bulletin
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Approved For Release 2004/05/05 : CIA-RDP79T00975AO21400040003-7