CONFIDENTIAL

ANNEX IV

морег

THIS DOCUMENT IS THE PROPERTY OF HER MAJESTY'S_GOVERNMENT

PMVP (91) 9

10 July 1991

OUR OBJECTIVES

COPY NO:

LONDON ECONOMIC SUMMIT:

15 - 17 JULY 1991

ENERGY

-- To maintain the commitment to a free market in energy

-

To prevent endorsement of any form of formalised

producer-consumer dialogue on oil

OTHERS' OBJECTIVES

-

France and Italy will want Communique to refer to "development of contacts among oil market participants" ie producer-consumer dialogue

-

US may want Summit to call for increased holdings of Government owned or controlled oil stocks by IEA members.

OUR ARGUMENTS

Operation of market best way to promote secure energy supply:

117sgij

CONFIDENTIAL

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