NO. 35

3 JUNE 1991


OPEC May Consider Dropping Quotas in Two to Three Years Time, SaysPerez

Mr. Carlos Andres Perez, the Venezuelan President, said last week that OPECmay be in a position to consider dropping the quota production system in twoto three years time depending on market developments and the results of theproducer-consumer dialogue. He told reporters after talks with EC officials inBrussels that "it is very possible that over the next two to three years wewill be able to...