VOL. XXXVI

NO. 7

16-NOVEMBER-1992

IRAN

Iran Expresses Concern over Oil Prices

Iran has stated its concern over current oil price levels and expressed hopesthat OPEC will "take an appropriate decision to realize the $21/B price inthe first quarter of 1993." The text of the Iranian Oil Ministry statement- issued on 8 November apparently in response to Algeria's call for OPECproduction cutbacks (MEES, 9 November) - was as follows:

"The Islamic Republic of Iran is concerned over the present level of...