UAE

UAE MAINTAINS ITS OPEC QUOTA IS 1mn B/D RATHER THAN 950,000 B/D

The UAE considers that its OPEC output quota is 1mn b/d rather than the 950,000 b/d which was allocated to he UAE at the OPEC Conference last October (MEES, 5 November 1984). This was disclosed to MEES last week by the UAE Minister of Petroleum and Mineral Resources, Dr. Mana Saeed al-Otaiba.

In this connection Dr. Otaiba told MEES: "As far as we are concerned, the UAE's OPEC quota is 1mn b/d - 700,000 b/d for...