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Any Increase In OPEC Output Ceiling Must Be Conditional Upon Prior Attainment Of $21/B Price Target, Says Iranian Oil Minister

Published on Mon, 09 Sep 1991 - Volume: 34 Issue: 49

VOL. XXXIV

NO. 49

9-SEPTEMBER-1991

Any Increase In OPEC Output Ceiling Must Be Conditional Upon PriorAttainment Of $21/B Price Target, Says Iranian Oil Minister

Iran's Oil Minister, Mr. Gholamreza Aghazadeh, has firmly reiterated Iran'sposition that any increase in OPEC's crude oil production ceiling for the fourthquarter onwards must be conditional upon prior attainment of the Organization's$21/B target price for its seven-crude basket. The average basket price forAugust was $18.50/B (see p....

Any Increase In OPEC Output Ceiling Must Be Conditional Upon Prior Attainment Of $21/B Price Target, Says Iranian Oil Minister

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