Gulf petroleum ministers discuss non-abidance of Iran with oil reduction
Gulf-Iran, Politics, 3/20/1999

The petroleum ministers in the Gulf Cooperation Council are to hold meetings today in Abu Dhabi to coordinate a position to present to the Organization of Petroleum-Exporting Countries (OPEC) during the OPEC meeting in Vienna on Tuesday.

The ministers will discuss the reduction of production by the petroleum-producing countries on the basis that Iran could abide with their agreement.

A source who is participating in the meetings said the reason for petroleum prices' deterioration last year was that Iran refused to abide by the reduction it pledged in last November and continued to produce more than its allotted share.

Previous Stories:
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  Increasing exports of Iraqi petroleum   (3/17/1999)
  Statement by Arab Gulf oil ministers   (3/11/1999)
  Iran accuses Gulf Cooperation Council countries of interfering in its internal affairs   (3/6/1999)
  GCC condemns Iranian provocation in the UAE islands   (3/5/1999)

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