Feb 17, 1998, 12:01 AM
News Code: 9120587
0 Persons
outcome iraq of regardless prices oil over pessimism exporting petroleum of organisation the -- irna 17, .feb london, for week this here conference oil an at ridiculed was countries .oversupply of time a at quotas production increasing described studies energy for institute oxford the of mabro robert in falls to led has that decision november's last of consequences the ''.window a from money `'throwing as revenue oil bad a be would it believed he delegates, and speakers other like .crisis iraq latest the of outcome the whatever prices, oil for year three `'between only last would said, he strikes, air from effects any ''.weeks three and days warned chalabi, fadhil opec, of general secretary acting former that monday 2,000 after gas and oil on conference international the stagnation indefinite into `'plunge would organisation 12-member the .act its reform not did it if decline,'' and past the over market the of share opec's in fall the of spoke he soviet former the excluding cent, per 52 to cent per 75 from years 25 the of states arab by borne was which of most ,.s.u the and union .gulf persian should countries member that were recommendations his of one foreign for incentive create to industries oil their denationalize .technology better obtain to also and investment radical for instrument another that said official iraqi former the more a adopt and measurement system price its revise to was change expensive more of development the discourage to approach aggressive .elsewhere production as practice uncompetitive its `'abandon should said, he opec, of expense the at down production held has which producer,'' swing other in investment foreign with developed be to fields allowing .world the of parts hc/rr end