International records / Foreign Relations of the United States

133. Memorandum From Robert Hormats and Robert Oakley of the National Security Council Staff to Secretary of State Kissinger

ort from Iran) would require the companies to make purchasing adjustments away from some countries and in favor of Iran. How would the US government get the companies to do this? What would be the reaction of the other countries (e.g., Saudi Arabia, Nigeria, Venezuela)? How would we allocate among competing companies? We could, of course, have a system of bidding for import licenses to import the 500,000 barrels of Iranian oil, but this would be a new dimension in our oil import program; it would require significant (although certainly manageable) modifications. With respect to the financing, …