VOL. XXXVI

NO. 38

21-JUNE-1993

IRAQ

OPEC Lacks Clear Strategy, Says Hiti

Mr. Usama al-Hiti, the Iraqi Oil Minister, told the Baghdad-daily al-Jumhuriyahon 14 June that OPEC "lacks a clear strategy and is currently withouteither a clear oil policy, or a long-term strategic and pricing objective commensurate with the interests of the member states." Mr. Hiti was commentingon the results of the latest OPEC meeting in Geneva, which he did not attend.He described Saudi Arabia, Kuwait and the UAE as...