VOL. XXXII

NO. 17

30-JANUARY-1989

OPEC/NON-OPEC

Saudi Arabia and Kuwait Deny Iranian Accusations of Over-production

Saudi Arabia and Kuwait have strenuously denied Iranian charges of over-quotaproduction in January. The state-owned Iranian News Agency (Irna) claimed on 25January that OPEC's January production would probably reach 20mn b/d, anincrease of 8% over the planned ceiling of 18.5mn b/d, because of overproduction"primarily due to excessive UAE production and overquota output by SaudiArabia...