International records / Foreign Relations of the United States
20. Memorandum of Conversation
their minds on the production/price question, Dickman said, and added that King Faisal was worried about high prices and that it was the King, and not Yamani , who would make the SAG ’s decision on this issue. Mr. Mau mentioned our recent talks with Nigeria’s Petroleum Minister in which the latter was of the opinion that OPEC would surely cut production before letting prices go down. Also, he said, Exxon has told the Japanese it will have trouble supplying the Japanese market as a result of having lost control of virtually all of its royalty oil. Mau reasoned that it would currently be very di…
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