Middle East Economic Survey

VOL. LII

No 18

04-May-2009

OPEC

Angola Requests Exemption From OPEC Targets, Underlining Compliance Issue

Angola has sent a letter to OPEC Secretary-General 'Abd Allah al-Badri requesting special exemption from implementing its OPEC production target obligations, MEES understands. Citing the damage wrought by 30 years of civil war, the letter argues Angola has a special need for revenues to rebuild its shattered economy and points to similar exceptions given to both Iraq...