VOL. XXXI
NO. 21
29-FEBRUARY-1988
OPEC
OPEC Denies Over-quota Production
The OPEC Secretariat in Vienna has issued a press statement strongly denyingmedia reports to the effect that the OPEC members (excluding Iraq) have beenexceeding their agreed collective production ceiling of 15.06mn b/d. The text ofthe statement is as follows:
"Our attention has been drawn to media reports suggesting that OPEC hasbeen exceeding its agreed production ceiling of 15.06mn b/d (excluding Iraq). Westrongly deny that...
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