Middle East Economic Survey


No 4



Iran To Seek Oil Output Cut At OPEC Meeting

Iran will seek a cut in OPEC oil production at the upcoming meeting in Vienna on 31 January, according to comments by Irans OPEC governor published on the oil ministry website on 16 January. Current conditions dictate that OPEC members, in looking at reserves and the fall in demand in recent months... apply a progressive reduction in their production during the first quarter, Hossein...