Iraq Says OPEC Members Bowed to US Pressure

Published June 24th, 2000 - 02:00 GMT

Iraq accused Organization of Petroleum Exporting Countries members Saturday of bowing to US pressure and damaging the cartel's interests after they agreed to a modest increase in oil production. 

"Some influential OPEC members are closely linked to US interests, so Washington is able to pressure them to safeguard the interests of industrialized nations," the Babel newspaper said without naming which countries it meant. 

"The execution of the US orders directly harms the economic interests of countries, and especially OPEC members, who produce crude." 

Production increases are intended to lower oil prices "with the goal of upholding the prosperity of the US citizen and the West," the paper added. 

OPEC announced Wednesday in Vienna that it had unanimously agreed to raise output by 708,000 barrels a day as of July 1st. 

Iraq had stated its opposition to any production increase before the Vienna meeting - BAGHDAD (AFP) 

 

 

 

© 2000 Al Bawaba (www.albawaba.com)

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