Middle East Economic Survey
VOL. LII
No 17
27-Apr-2009
OPEC
OPEC Concerned Over Compliance
Compliance with production targets announced at OPECs 17 December meeting in Algeria remains a concern despite recent improvements in OPEC Basket crude prices, an OPEC delegate tellsMEES. Compliance is not as good as it could be, the delegate said. There are three countries Iran, Angola and Nigeria that are not properly complying. The rest are at or near their quota. Frankly there is oversupply and a stock...
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