Middle East Economic Survey


No 31


Who Benefits From OPECs Expansion?

By Behrooz Baik Alizadeh

Mr Alizadeh is Senior Oil Market Analyst at the Iranian Ministry of Petroleum (e-mail: balizadeh@nioc.ir). This analysis is based upon the personal opinion of the author and does not represent the official view of the ministry.

In its 143rd extraordinary meeting held in Abuja, Nigeria, on 14 December 2006, OPEC agreed to admit Angola as its 12th member, effective from January 2007. At...