VOL. XXXII

NO. 5

7-NOVEMBER-1988

OPEC

Chalabi Warns Low Prices May Spur Import Taxes

OPEC's Deputy Secretary General, Dr. Fadhil al-Chalabi, has warned that aprolonged period of depressed oil prices could provoke protectionist measures inthe consuming countries. Speaking in London on 2 November, Dr. Chalabi said that"prices should not be allowed to be so low as to invite reactions inconsumer countries," and described a price range of $13-15/B as"crucial" if OPEC is to avoid the imposition of taxes...