VOL. XXXI

NO. 29

25-APRIL-1988

OPEC/NON-OPEC

Primary Responsibility for Price Defense Still Rests on OPEC, Says IranianOil Minister

According to the Iranian Oil Minister, Mr. Gholamreza Aghazadeh, OPEC stillbears the primary responsibility for oil price defense.

In a telex to OPEC last week, for circulation to other member states, theIranian Minister stated that in his opinion the outcome of the 9 April meetingof OPEC's five-minister price committee was "indicative of the fact thatthe main burden...