OTAIBA INSISTS ON MAINTENANCE OF OPEC AGREEMENT TILL YEAR END

Together with its co-members of the Gulf Cooperation Council (GCC), the UAE is fully committed to maintaining the December 1986 OPEC agreement on prices and production unchanged for its allotted span until the end of 1987, according to the UAE Minister of Petroleum and Mineral Resources, Dr. Mana Saeed al-Otaiba. The agreement (for text see MEES, 22/29 December 1986) provides for increases in the national quotas and OPEC ceiling...