VOL. XXXIII

NO. 49

10-SEPTEMBER-1990

OPEC & Gulf

Iran Hopes $25/B Minimum Price Remains after Gulf Crisis

Mr. GholamrezaAghazadeh, the Iranian Oil Minister, said that his country expects crude oilprices to remain above $25/B even after the resolution of the Gulf crisis."We hope that with the resolution of the crisis, $25/B will be observed asthe minimum price," he told Tehran radio on 1 September. OPEC's currentminimum reference price, agreed upon in Geneva last July, is $21/B.

On 4 September,...