VOL. XXXIII
NO. 42
23-JULY-1990
OPEC
Iran Proposes $20/B Basket Reference Price
Mr. Gholamreza Aghazadeh, the Iranian Oil Minister, told a press conferencein Algiers on 15 July that his country had already placed on the agenda of the25 July OPEC ministerial conference a proposal for setting the minimumreference price for the OPEC basket to "at least $20/B," adding that"if we reach the $20/B with the 22.5mn b/d ceiling, that's OK. If we don't,then in October or November we must reduce the ceiling...
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