NO. 51



Otaiba Uncompromising on 1.5mn B/D UAE OPEC Quota

The UAE Minister of Petroleum and Mineral Resources, Dr. Mana Saeed al-Otaiba,has once more stated that the UAE's "firm and declared" OPEC quota was1.5mn b/d and that his country's stand vis-a-vis its crude oil quota was clear.It will be recalled that last June the UAE repudiated its OPEC-allocated quotaof 948,000 b/d and unilaterally adopted a quota of 1.5mn b/d (MEES, 4 July). Ina statement to the press on...