VOL. XXXII

NO. 4

30-OCTOBER-1989

Iran

Aghazadeh Says Strong Oil Demand Will Obviate Need for OPEC Quotas withinTwo Years

The Iranian Oil Minister, Mr. Gholamreza Aghazadeh, has predicted that stronggrowth in world oil demand over the next two years will enable OPEC to abandonits production quota system. Speaking to foreign reporters in Tehran on 25October, Mr. Aghazadeh said: "We anticipate this demand to reach such alevel that the OPEC quota system will be abandoned altogether... and as aresult...