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239. Intelligence Note RECN–36 Prepared in the Bureau of Intelligence and Research

convinced of the validity of the assumptions upon which this part of the presentation is based. Background The July 1971 OPEC OPEC (Organization of Petroleum Exporting Countries) members are: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, and Venezuela. Conference in Vienna renewed members’ demands for host country participation in existing producing operations. Following only slightly veiled threats of nationalization, negotiations began in March 1972 between the companies and Sheykh Zaki Yamani representing Abu Dhabi, Iraq, Qatar, and Saudi Arabia. Ir…

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