NO. 7

15 NOVEMBER 1993


NIOC Says OPEC Members Producing At Quota In October

The National Iranian Oil Company (NIOC) issued the following statement on 7November stressing that the OPEC member states have observed their productionquotas in October:

"After extensive monitoring of the market, NIOC has come to theconclusion that OPEC member states have been producing at quota in October. Theleakage that is attributed to OPEC members including the Islamic Republic ofIran, Saudi Arabia,...