18 JANUARY 1993

Parra Urges 100% Compliance With November OPEC Agreement

Dr. Alirio Parra, the Venezuelan Energy Minister and current President of theOPEC Conference, has circulated a message to all OPEC Oil Ministers expressingdeep concern about the present state of the oil market and calling for "onehundred percent compliance" with the production agreement reached in Viennalast November. This commits the member states to a production ceiling of24.582mn b/d (without Ecuador) for...