NO. 23



Yamani on Quotas and Prices

Shaikh Ahmad Zaki Yamani, the former Saudi Oil Minister, said last week thatseveral OPEC member states are seeking higher quotas, particularly Iraq andIran, and predicted that oil prices will remain soft until 1992. In a speech atan energy law seminar in Bahrain on 7 March, Shaikh Yamani said: `It is veryclear there are countries in OPEC who are looking for higher quotas. It is veryclear that Iraq, for instance, accepted a quota of...