VOL. XXXII

NO. 4

31-OCTOBER-1988

OPEC

Otaiba Reiterates UAE Insistence on 1.5mn b/d Production Quota

Despite GCC plan for an OPEC production agreement based on existing quotalevels plus Iraqi parity with Iran, the UAE has once again emphasized itsinsistence on a minimum quota of 1.5mn b/d (as against 948,000 b/d in thecurrent OPEC agreement).

In a recent speech to armed forces commanders in Abu Dhabi - quoted in theLondon-based Arabic-language daily al-Hayah on 27 October - the UAE OilMinister, Dr....