[CARACAS (UPI) -- VENEZUELA S NEW PRESIDENT, CARLOS ANDRES PEREZ, SAID TODAY IN HIS INAUGURAL ADDRESS HE WILL SEEK THE SUPPORT OF ALL PARTIES IN DRAWING UP LEGISLATION TO NATIONALIZE THE]

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80R01731R002400050019-5
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 14, 2016
• Document Release Date: July 16, 2003
• Sequence Number: 19
• Content Type: PREL

TOP SECPAQTproved For R& 03/07/30: CI-t ?96WTi `I}R00240005001
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DD/M&S
DDO (2)
DDS/T
D/OCI
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KE
CIA OPERATIONS CENTER
NEWS ANALYSIS SERVICE
Date: 12 M
Item No: 15
Ref No:
UPI051
(VENEZUELA)
CARACAS (UPI) -- VENEZUELA S NEW PRESIDENT, CARLOS ANDRES PEREZ,
SAID TODAY IN HIS INAUGURAL ADDRESS HE WILL SEEK THE SUPPORT OF ALL
PARTIES IN DRAWING UP LEGISLATION TO NATIONALIZE THE $4.5 BILLION OIL
INDUSTRY.
WE ARE GOING TO FULFILL THE OLD ASPIRATION OF OUR PEOPLE THAT OUR
OIL BE VENEZUELAN," PEREZ TOLD THE NATION IN A TELEVISED SPEECH FROM
THE WHITE CONGRESS BUILDING. "MORE THAN A NEW LAW, IT IS NECESSSARY
TO OBTAIN THE AGREEMENT OF ALL VENEZUELANS ABOUT WHAT WE CAN AND
S-{OULD DO TO OBEY THIS UNIQUE AND SINGULAR COMMAND OF HISTORY"."
PEREZ, A MODERATE LEFTIST, DID NOT SET A TIME LIMIT ON THE
NATIONAL DEBATE ABOUT NATIONALIZATION, BUT HE CONSELED A CALM
APPROACH. VENEZUELA IS THE WORLD S NO. 3 OIL EXPORTER.
"THE SOFTER THE TONE OF OUR VOICE THE EASIER IT WILL BE TO BE
HEARD AND UNDERSTOOD," HE SAID.
PEREZ TOLD HIS CONGRESSIONAL AUDIENCE, WHICH INCLUDED FIRST LADY
PAT NIXON AND SOVIET PRESIDIUM VICE PRESIDENT VITALI RUBEN, THAT
VENEZUELA WOULD DEPOSIT SOME OF THE REVENUE FROM WINDFALL OIL PRICES
IN THE INTERAMERICAN DEVELOPMENT BANK IN WASHINGTON.
HE SAID THIS MONEY WOULD BE USED BY LATIN AMERICAN COUNTRIES,
"WITHOUT HUMILIATING VETOES," A REFERENCE TO VETO POWERS OFTEN .
EXERCISED BY THE UNITED STATES OVER LOANS TO NATIONS OUT OF FAVOR
WITH WASHINGTON.
"WE SHALL HAVE TO ASSUME A POSITION OF DEFENSE OF LATIN AMERICAN
RIGHTS TRAMPLED BY THE ECONOMIC TOTALITARIANISM OF THE DEVELOPED
NATIONS," HE SAID.
UPI 03-12 11:24 AED
Standard stuff, and doubt that there was anything onerous
to us in the speech.
These comments represent the initial and tentative reaction of the CIA Operations Center and of the appropriate
analytic corn ponclil PPiram FaY Ref tez&W3/ff/lf O' MAURDPBMRflr'Y` 51 R002400050019-5