VOL. XXXIII

NO. 1

9-OCTOBER-1989

Iraq Will Not Put Surplus Capacity Into Play Unless OPEC Agreement BreaksDown

Dr. Ramzi Salman, head of Iraq's State Oil Marketing Organization (SOMO),has made it clear that Iraq would utilize its growing surplus oil producingcapacity as a potent market instrument only in the event of a breakdown of theOPEC agreement on production. Speaking in an interview with Ian Seymour andWalid Khadduri of MEES, Dr. Salman stressed Iraq's continued commitment to theOPEC...