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INTELLIGENCE MEMORANDUM OIL COMPANIES COMPENSATE FOR DOLLAR DEVALUATION: THE GENEVA AGREEMENT

The other OPEC members- Algeria, Indonesia, Libya, Nigeria , and Venezuela- had already increased their prices ... agreement. 8. Libya and Nigeria both plan to open negotiation; with oil companies and probably will achieve ... in posted price would yield Libya about $150 million and Nigeria about $100 million of additional revenue ...

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