VOL. XXXVI

NO. 43

26-JULY-1993

OPEC

Roundup Of OPEC Ministerial Statements

Mr. Jean Ping, OPEC President and Gabon's Minister of Energy, said prior tohis departure from Libreville on a tour of OPEC countries that"overproduction" by some OPEC states was one reason for the recentslide in world oil prices. The other reason was the "psychological"impact of negotiations between Iraq and the UN which could result in aresumption of oil exports from that country. "If the UN-Iraq talks reach apositive...