VOL. XXX

N0. 10

15-DECEMBER-1986

OPEC AND OIL PRICES

Iran Calls for Production Cut

Iran's Oil Minister, Mr. Gholamreza Aghazadeh, has reiterated that Iran seesa return to a fixed price of $18/B as a first step towards restoring the formermarker price of $28/B, and that an agreement in Geneva to cut production will benecessary to achieve this aim.

Speaking on Tehran radio on 8 December, Mr. Aghazadeh said Iran wantedproduction cuts for "a fixed period of time" beginning on 1 January,when the current...