International records / Foreign Relations of the United States
204. Information Memorandum From the Assistant Secretary of State for Economic and Business Affairs ( Armstrong ) to Acting Secretary of State Rush
d , represents 60 percent of its 2.5 million b/d total oil output worldwide. Should Kuwait gain 51 to 100 percent control, there will undoubtedly be matching changes in the participation agreements of Saudi Arabia, the smaller Gulf states, Libya and Nigeria. A discussion today with Gulf’s President reveals that talks between the companies and Ateegi have been underway since late July, with the latter holding out for 100 percent, etc., as indicated above. Ateegi has said that January 1 is his deadline, with a first company proposal to be on the bargaining table by November 1. Gulf is giving ser…
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