VOL. XXXIV

NO. 34

27-MAY-1991

OPEC

Boussena Says OPEC Losing Revenue because of High Production Ceiling

Mr. Sadek Boussena, the Algerian Energy and Mines Minister and OPECPresident, said last week that OPEC has lost nearly $7bn in revenue by setting aproduction ceiling for the second quarter that is higher than required. Mr.Boussena told the Algerian-weekly Algerie-Actualite on 23 May that "if alower production ceiling had been set at the OPEC meeting in Geneva last March,the price of $21/B would...