SOME COMMENTS ON OPEC AGREEMENT
Kandil Urges Price Rise to $25/B
In a statement quoted in the Cairo daily al-Ahram of 22 December, EgyptianOil Minister Abd El-Hady Kandil welcomed OPEC's oil output cuts and urgedcooperation among oil producers inside and outside OPEC to raise oil pricesgradually to $25/B. He also said that Egypt's oil output in 1987 will continueat the current rate of about 850,000 b/d, despite the start of production from anumber of new...
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