VOL. XLII

No. 18

3-May-1999

OPEC

OPEC: Time To Move To Production Management

by Ramzi Salman

The following article on recent oil developments and theMarch 1999 OPEC agreement was written by Dr. Ramzi Salman, who is currentlyAdvisor to the Minister of Energy and Industry in Qatar. He formerly served asDeputy Secretary General of OPEC and Head of Iraqs State Oil MarketingOrganization (SOMO).

Barely a month after the March 1999 OPEC/non-OPEC agreement,oil prices have recovered all the ground lost...