VOL. XXX

NO. 9

8-DECEMBER-1986

OPEC AND OIL PRICES

Production Cuts Needed for $18/B Says Iraq's Taqi

Iraq's Oil Minister, Mr. Qasim Ahmad Taqi, has stressed that OPEC will haveto reduce output in order to achieve a fixed price of $18/B, while at the sametime reiterating that as long as the Gulf war continues Iraq will insist on aquota equal to Iran's if OPEC introduces a new system of quotas.

Speaking in an interview with the Kuwait news agency Kuna on 3 December, Mr. Taqi was unequivocal on...