NO. 19


OPEC Quotas Should Be Scrapped As Soon As Possible, Says Kuwait's 'Ali Khalifah

OPEC's current system of allocating fixed crude oil production quotas tomember countries should be scrapped "as soon as possible," accordingto Kuwait's Minister of Oil, Shaikh 'Ali Khalifah al-Sabah. Speaking in aninterview in Kuwait with MEES Editor Ian Seymour, Shaikh 'Ali stated bluntly:"From a practical standpoint the quotas are already irrelevant, so allthat is needed is a...