The EIC Subcommittee on Petroleum Annual Report Fiscal Year 1962

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00283R000200140017-3
• Release Decision: RIFPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 9, 2016
• Document Release Date: September 24, 1998
• Sequence Number: 17
• Publication Date: June 11, 1962
• Content Type: PERRPT

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.1.9b2
Subcommittee oa vetroleum
-
,0-Arvar :Resort
leax
,:ivit1sql of the SUbcommittee Fiscal Year
Leviei of the 1ntell1fience
Snbccemittee consxders the intelligence product to be
to the dassions and rebponciailities of member agencies.
Pc!,s-P.;!ch and i.;ollection Deficiencies
renClvficiencies
pYiority deficiencies ol research which have been
4_niGified by the Subcommittee are inc1u6.ed in E/C-S-1/4, 15 June 1958.
These listings are under continuins evie and are considered to
current deficiencies.
!'Jollectich Deficiencies
Subcommittee xeln_eweCt k.'/Wli statements or information
;A,?taL, on the foiloving: East Goruyav PetircleuL_Intiatt, and Hungary
industry. rile gene5.-a opisio4 of the Slibcommittee vas that it
?ot been qemonstrated that tiese and ether statements of information
v:ele of torieflt, either in the field or to the consumer.
Leview of SUbstant:We Ppers
*Ar, Sbr!mmittee formally reviewed the following substantive
bLudy or the Petroleum and iqaturai Uas
:.dusty and the Petroleum CEt.4 Natural
Gas Pomlbilities of Czechoujovakia, as
of January 1, 1960 (C)
h Strategic
Intelligence Detachment,
Dallas, Texas
t3-7oup 1
from
MII-Z:omatIzt downgrading
; Emu declassificatimai
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moilm11.11
he Petroleum ana Natural Ua6
7.rdustry and the ietroleumufl
',Natural Gas Possibilities of
lmlunint China i:Eupplementavy
iy as of January 1, 1961; z,V)
468th Strategic
intelligence Det =mew*,
Dallas, Texas
Toms the considered opinioh or the Subcommittee taat these
competent in their content, considering the limited ilitormatoll
:nmilable to the preparing group.
Exports of Petroleum by the CIA
Soviet Bloc to Non-Bloc
47nuatries in 1961 (C)
The Subcommittee agreed t'lat this report vas respoil.Jive to the
.1,e,eds of the intelligence cormmity.
4. Review of Proposals for External Research
No proposals fat ex'.erALL research 'sere brough\ to the aT.teni-W-11
k;he Subcceuittee during eiscal rear 1962.
.11,..!intenance of Agreed Ba atistics
The Subcommittee developed agreed basic statisTdcs covering tne
wOor eements Of the petroleum ec?xtomy of each country of the Sino-
riet Bloc for 1961. The Subcommittee plans to continue the annual
111-dating of these statistics.
iects Undertaken at the ' uest of the LiC
or ?nanosea to the EIC
The Subcceimittee Project, hi.C-PSC-WP 4, itaitariConsuiptiCE of
'?etroleum Products Sino-Soviet I was completed for
lAstriiiiiiion an 5 April 1962.
7. Intellrence Research Techraspe
he Sacommittee has nothing to report.
6. ?pecialCoordiniunctions of the Subcommittee
he Subcommittee heti; nothing to report.
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valuation of tAe 1ole of the Oubc ttee
a, The bUscommittee contiuues to function ae4ively hA it role
eoordinating and furthering ecolAemic intelligence xesea/e4 ia the
.2:1e10, of petroleum. The Subcommittee also serves as a valeo:Sie medium
the exchanrte of ideas and infozmation of mutual interest to the
:;,relifibers of the intelligence community.
b. CIA remains the only member agency Whica now carries out
formal economic research on petroleum in the Sino-Soviet bloc. The
other participants are responsible primarily for the development of
current and staff intelligence.
B. FUture progFam_of the Subcommittee
The Petroleum Subcommittee plans to continue a program of activity
which includes bi-monthly meetings, reviews of substantive papers where
possible, the development of agreed basic statistics: and specia1
projects in accordance with those responsibilities outlined In the
EIC Handbook and in the Subcommittee Terms of Reference.
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