International records / Foreign Relations of the United States
126. Telegram From the Department of State to the Embassy in Saudi Arabia
ability in the prices of the other producers beyond the end of 1977. On June 29, OPEC announced: “In the interest of unity and solidarity of OPEC , the following member countries of the organization: Algeria, Ecuador, Gabon, Indonesia, Iran, Kuwait, Nigeria, Qatar and Venezuela have resolved to forego the application of the 5 percent increase in the price of oil as of 1 July 1977, a decision which was taken in Doha in December 1976.” (Telegram 6143 from Vienna, June 29; National Archives, RG 59, Central Foreign Policy Files, D770232–0451) I would value greatly your sharing with me your thought…
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