VOL. XXXII

NO. 4

31-OCTOBER-1988

OPEC

Iranian Cabinet Reaffirms Tehran's Rejection of Iraq-Iran Production QuotaParity

In the aftermath of the OPEC committee meetings in Madrid, Iran has made itclear in the strongest terms that it is not prepared to accept Iraqi quotaparity with Iran in respect of crude oil production.

On 26 October, Tehran Radio announced that the Iranian cabinet had affirmedits rejection of Iraq-Iran production quota parity following a briefing on theMadrid meeting by the Oil...