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311. Intelligence Memorandum ER IM 72–92 Prepared in the Central Intelligence Agency

d to grant Iraq the same financial benefits that other members of the Organization of Petroleum Exporting Countries ( OPEC ) The member states of OPEC are: Iran, Iraq, Kuwait, Saudi Arabia, Abu Dhabi, Qatar, Algeria, Libya, Indonesia, Venezuela, and Nigeria. were able to obtain in the mid-1960s, such as expensing royalties. This action has led to an Iraqi claim for back payments of nearly $400 million. Negotiations on the back payments claims and the North Rumaila issue took place again in January and February 1972 but ended in deadlock primarily because of IPC ’s adamant stand on compensation…

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