International records / Foreign Relations of the United States

91. Intelligence Note Prepared in the Bureau of Intelligence and Research

for partial control of the companies’ producing subsidiaries, according to reliable reports of the July 12–13 Vienna Conference of the Organization of Petroleum Exporting Countries ( OPEC ). Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. (Nigeria joined July 12.) [Footnote in the original.] Their initial target is thought to be a 20 per cent equity participation , to be increased later. Algeria is alone among the major exporting countries in already having obtained, by nationalization, no less than 51 per cent ownership in all the oil compani…