NO. 47


OPEC & Gulf Crisis

Iran Opposes Increasing Oil Production and Extraordinary OPECMeeting

Iranian leaders last week voiced stiff opposition to any move to increase oilproduction or hold an extraordinary OPEC meeting to discuss making up theshortfall in supplies. President Ali Akbar Hashemi Rafsanjani said on 16August that in the event of a shortfall in world oil supplies due to the Gulfcrisis, consuming countries should make use of their strategic reserves and...