OPEC

OPEC Auditors Ask Lloyds to Track Tankers 

Klynveld Kraayenhof, the Dutch auditing firm chosen by OPEC's Ministerial Executive Council (MEC) earlier this year to monitor production and prices (MEES, 4 February), has awarded a tanker-tracking contract to Lloyds of London with the aim of verifying the volume of exports from OPEC member countries. According to the resolution setting up the MEC - adopted at the 26 December OPEC conference in Geneva - it "will be empowered to...