IRAQ PUTS CASE FOR INCREASE OF QUOTA

The following statement in support of Iraq's case for a "fair and equitable" increase in Iraq's OPEC output quota was presented to the Vienna Conference on 3 October by the Iraqi Minister of Oil, Mr. Qasim Ahmad Taqi:

"When OPEC first introduced the concept of a ceiling for its total production in March 1982, as one of the important means available to defend its price structure, the allocated share of Iraq, which was 1.2mn b/d,...