Minutes of OPEC meetings, 1986

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The 77th meeting was divided into two parts, one that met in Geneva over a week in March 1986, and the second half that resumed in Geneva a month later. During the first meeting, which c consisted of ten sessions, reports of the Ministerial Monitoring Committee, the Special Ministerial Committee, and the Minsterial Executive Committee were presented and discussed, with the main topics being the production ceiling, price differentials, and per barrel price in response to changes in the market since their last meeting, and ensuing losses in revenue to member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The conference continued its meeting in eight further sessions in which they discussed various strategies for defending OPEC's market share, set further production ceilings, discussed outreach to various non-OPEC oil producing nations (such as Mexico, Malaysia, Oman, Angola, Egypt), seeking to coordinate actions, and the meeting condemned the U.S. aerial attack on member state Libya.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the Financial and Auditors' reports for 1985, discussion of the reports of the 64th meeting of the Economic Commission Board, the Ministerial Monitoring Committee, and the Group of Five Ministers. The latter report detailed the efforts of committee members to reach out to the governments of several non-OPEC oil producing countries (Norway, Mexico, Malaysia, Brunei, USSR, Angola, Egypt) in order to discuss how they could induce them to follow policies in terms of production and pricing that were more in alignment with those of OPEC. The bulk of the meeting though concerned discussions of production ceilings, quotas, and pricing of member states within OPEC. Also included is the text of the opening speech by Andrej Ocvirk, president of the Federal Committee for Energy and Industry of Yugoslavia.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The bulk of the meeting involved discussed on the contentious issues of quotas among member nations, as well as pricing and production ceilings.

Handwritten note on first page stating: "Prepared by Dr. A. Parra and M. Slotinfemi [sp?]. Presented on 25/7/86 to conference."

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The continued discussion of quotas and pricing occupied the bulk of the meeting, with the decision to extend the temporary ceiling on production set at the previous meetings, along with corresponding quotas amongo member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the continued discussion of production ceilings, quotas, and pricing, with review of reports by the Ministerial Monitoring Committee, the Economic Commission Board, the Ministerial Committee on Pricing, and the Ministerial Committee on Quotas. The topic of adopting a fixed price per barrel, raised at the previous meeting, was adopted, at the price of $18 per barrel.

Consists of letters, telexes, charts, statistics, submitted to Secretariat by various member countries, as background information for their positions on whether or not production quotas should be raised.