VOL. XLII
No. 09
1-March-1999
OPEC
Iran Will Not Change Position On Baseline For OPEC Cutback
Iran will not change its position on the OPEC cutbackbaseline issue and any compromise must come from Saudi Arabia, according to anIranian OPEC source quoted by Reuters on 25 February. Iran continues toinsist very strongly that the baseline for its pledged 305,000 b/d cutbackshould be 3.925mn b/d (which Iran claims to have produced in March 1995) ratherthan the OPEC-stipulated baseline of 3.623mn b/d...
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