NO. 42



OPEC Conference to Focus on Price, Says Subroto

The 25 July OPEC Ministerial Conference will concentrate on the question ofprice rather than the quota issue, according to Dr. Subroto, Secretary Generalof OPEC, in a speech delivered on 17 July in Caracas to the Fourth VenezuelanPetroleum Congress. " The Oil Ministers of the 13 OPEC member states haveagreed that their main objective at the next conference will be raising thereference price of the OPEC basket of...