Typed memorandum signed.
4to. 2 pp. Stapled.
Material related to the 1952/53 Grand Jury investigation Aramco's role in an alleged international oil cartel: a memorandum to the department and district heads, signed by William L. Owen, seeking to comply with the subpoena of August 1952. The personal copy of Dhahran district manager for Aramco, K. R. Webster.
The subpoena instructed Aramco to produce hundreds of documents, comprising substantially all their records relating to foreign operations for the past 25 years, before a Washington Grand Jury. The present memorandum points out that a motion by the company for an extension of time to produce the requested documents was granted. Nevertheless, it gives instructions to "proceed as rapidly as possible with the examination of files".
The Grand Jury proceedings arose from a lengthy report to the Federal Trade Commission on petroleum operations of two foreign and five American companies and their subsidiaries and affiliates in the production of crude oil and petroleum products in foreign lands. In 1953 Aramco's motion to be dropped as a defendant was granted. On 21 April 1953 the Department of Justice filed civil suit against the Standard Oil Company (New Jersey), Socony-Vacuum Oil Company of California, Texas Company, and Gulf Oil Corporation, charging them with establishing a "combination and conspiracy and monopolization" in violation of the Sherman Antitrust Act and the Wilson Tariff Act.
A rare survival.