VOL. XXXVIII

NO. 15

9-JANUARY-1995

Gabon Leaves OPEC: Membership Reduced to 11

Following Ecuador's departure at the end of 1992, yet another small producerGabon has officially notified OPEC that it wishes to withdraw from membership inthe oil exporters' Organization as at 31 December 1994. Like Ecuador, Gabonofficially cited financial problems and consequent inability to pay its share ofthe OPEC budget as the reason for leaving the Organization. But in both cases, adesire to be rid of OPEC quota...