VOL. XL

No. 47

24-November-1997

OPEC

OPEC Supply Management Revisited

by Dr. Ramzi Salman

The following is the text of a paper presented by Dr. Ramzi Salman at the 18thAnnual Oil and Money Conference in London on 19 November. Dr. Salman is currently Advisorto the Minister of Energy and Industry in Qatar; he formerly served as Deputy SecretaryGeneral of OPEC and Head of Iraq's state oil marketing organization SOMO.

Managing supply has been a way of influencing many commodity prices throughout...