886A.2553/12–3150: Telegram
The Ambassador in Saudi Arabia (Hare) to the Secretary of State
417. From Brewer. Aramco–SAG negotiations concluded late last night December 30th, with agreement signed between Finance Minister and Davies in which profit sharing principle put forward by company accepted by SAG and outstanding SAG demands officially withdrawn. Company officials appear pleased with results, which they terming “the December 1950 agreement”, stating that they gave in to SAG on a few minor points only to obtain agreement. Entire Aramco party, including Owen, left by plane for Luxor this morning, making it impossible obtain details agreement, but George Hay and Bob Brougham proceeding directly Cairo and New York with signed original. New York and Washington offices should have copies by January 3–4 and have been asked communicate details Department soonest.1
For [Parker?]: Brougham hopes be in Cairo New Year’s Day and to see you.
Sent Department 417; repeated information Dhahran 214, Cairo 91. [Brewer.]
- Further documentation on the agreement is scheduled for publication in a forthcoming volume of Foreign Relations.↩