VOL. XLIII

No. 39

25-September-2000

OPEC

OPEC: The Need To Reform The Current Pricing System

by Nordine Ait-Laoussine

The following paper on recent OPEC policies was presented by NordineAit-Laoussine, former Algerian Oil Minister and President of Nalcosa, at the Oxford Energy Seminar, on 7 September 2000, at St Catherines College, Oxford.

Introduction

Two years ago, when we celebrated the Seminars 20th anniversary, I recall that the mood among the participants was very pessimistic about OPECs...