VOL. XLV

No 43

28-October-2002

OPEC

Clarification Of OPEC View Of IEAs Reserves Assessment

Following the IEAs recent publication of estimates of OPEC reserves which are significantly lower than those published by the organization (MEES, 21 October), it should be noted that OPEC always works with the reserves estimates provided by its member states. Recently the IEA has used these figures, too, but has now opted to include estimates of OPEC reserves published by the US Geological Survey in its...