Event
Oil price talks of 1971
Talks between the oil companies and OPEC states in Tehran and Tripoli in early 1971, which raised the tax on oil exports.
- Dates
- Jan–Apr 1971
Connections 3
interventions
- Mohammad Reza Pahlavi Jan 1971 gave assurances to U.S. Under Secretary Irwin Primary record 1
involved
- OPEC won large tax increases According to United States government Primary record 2
located in
Timeline 2 dates
- Jan–Apr 1971 Oil price talks of 1971
- Jan 1971 Mohammad Reza Pahlavi intervened in Oil price talks of 1971
Proof 2 sources
-
Editorial Note on the Irwin Mission and the oil companies, January 1971 (FRUS 1969–1976, vol. XXXVI, doc. 81), U.S. Department of State, Office of the Historian.
Primary record
the assurances Irwin had received from the Shah of Iran, King Faisal of Saudi Arabia, and the Emir of Kuwait constituted a new factor
The industry planned to present a proposal separately in Tehran and Tripoli
-
Intelligence Note, Oil: New Confrontation Over “Participation”?, Washington, 11 August 1971 (FRUS 1969–1976, vol. XXXVI, doc. 91), U.S. Department of State, Office of the Historian, 11 Aug 1971.
Primary record
OPEC’s oil tax victory over the oil companies earlier this year marked a definite shift in bargaining power in favor of the exporting countries.
Page history 1 change
- Add The Oil Weapon: the 1973 oil embargo, from OPEC's founding to the Strategic Petroleum Reserveb19881d
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