Oil affairs in Persian Gulf

This file relates to the oil industry. It contains the final version of the Department of Trade and Industry's paper, including maps, on oil in the smaller Arabian states. It contains sections on:

• Participation developments and trends in crude prices
• Bahrain
• Qatar
• Dubai
• UAE
• Oman
• The Yemeni republics
• A fact sheet

This file also contains correspondence concerning:

• Reports of two new oil strikes in Abu Dhabi
• Commissioner Claude Cheysson's ideas on cooperation between the European Economic Community (EEC) and developing countries, particularly in the Maghreb; and the interest of Gulf States, particularly Iran and Kuwait, in a closer relationship with the EEC
• The names of attendees from the various delegations at the oil meetings in Kuwait
• A tour of oil routes by retired MI6 officer Kenneth Carter Benton for a study on security on behalf of Brian Crozier's Institute for the Study of Conflict Limited; and criticism from embassy staff of Benton's apparent lack of knowledge, his use of Cold War language, and his political leanings
• A review of recent developments on the world oil scene, including reference to Libya, Kuwait and Saudi Arabia
• An article in French, 'Panque Sur Le Petrole', by Jacques Mornand
• A press cutting from the Washington Post, 'Standard Oil's Stand on Mideast Assailed'
• The disappointment of the Ruler of Saudi Arabia King Faisal Bin Abdul Aziz Al Saud at a US veto
• A letter from Standard Oil of California to stockholders regarding US dependence on foreign oil imports
• A new Foreign and Commonwealth information sheet to keep diplomatic posts informed of developments in the world oil scene
• French oil policy
• A conversation involving Foreign Secretary Sir Alec Douglas-Home, C M Le Quesne, Sir Cyril Pickard, and the Nigerian Commissioner for External Affairs Dr Okoi Aripko regarding: the Organisation for Arab Unity; the Middle East, Libya, and Somalia; the EEC; East-West relations; Portuguese conduct in Africa; Israel; oil; indiginisation of commerce in Nigeria; Rhodesia; South West Africa [Namibia]; and compensation for Mrs Leslie Wood, the widow of a British accidentally killed by Nigerian forces during the civil war
• Japanese oil policy
• A British-North American Committee publication, 'Middle East Oil Revenues: A Background for Discussion of Economic and Monetary Implication', by Sperry Lee
• Romania's intention to build oil tankers to carry its supplies of Middle East crude for refining in Romania