NO. 30


Iraq and Egypt Express Concern about "Unnatural" Decline of OilPrices

Mr. Isam al-Chalabi, the Iraqi Oil Minister, and Mr. Abd el-Hady Kandil,the Egyptian Minister for Petroleum and Mineral Resources, issued a jointstatement on 23 April ex pressing their concern about the "unnaturaldecline in oil prices that took place recently ," attributing the downfallto several factors "the most important of which is the in crease inproduction by several producing countries...