International records / Foreign Relations of the United States

118. Editorial Note

he topics discussed by the two delegations included the Saudi participation negotiations, Iran, prospects for negotiation, information sharing, effects of participation , consumer government defenses, Iraq, Libya, Asian offshore, Venezuela, Algeria, Nigeria, Middle East/Arab-Israeli, U.S. import and tax policy, and the OECD Oil Committee. Both sides agreed that in coming negotiations over participation “a middle road would have to be found between overly fast surrender of the companies’ rights, and intransigence leading to unilateral action by producer governments.” The “most important conclus…