OPEC’s Official Statement With AM-OPEC
VIENNA, Austria (AP) _ Here is the official English-language text of the communique issued at the close of OPEC’s special meeting Friday:
The 75th (extraordinary) meeting of the conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria from 3rd to 4th October, 1985.
The conference unanimously re-elected as its president H.E. Dr. Subroto, minister of mines and energy of Indonesia and head of its delegation. H.E. Belkacem Nabi, minister of energy and petrochemical industries of Algeria and head of its delegation, was unanimously re-elected as alternate president.
The conference again welcomed representatives of Mexico, who attended the meeting as observers, and reiterated its appreciation of the solidarity and support shown by Mexico. The conference also expressed its profound sorrow at the tragic loss of life and destruction of property caused by the recent series of earthquakes in Mexico.
Upon the request of some member countries, the conference discussed the redistribution of OPEC’s total production into quotas for individual member countries. While the conference unanimously agreed to maintain the OPEC production ceiling of 16 million barrels per day, however, the majority agreed that the redistribution of that ceiling among member countries be postponed to a later date.
The conference reviewed the report of the ministerial monitoring committee, headed by H.E. Dr. Mana Saeed Oteiba, minister of petroleum and mineral resources of the United Arab Emirates and head of its delegation, on the market situation since the last meeting of the conference, and expressed its appreciation to the committee.
The conference also considered the report of the ministerial executive council, chaired by H.E. Ahmed Zaki Yamani, minister of petroleum and mineral resources of Saudi Arabia and head of its delegation, and expressed its appreciation to the council.
The conference expressed its sincere gratitude to the government of the Federal Republic of Austria and the authorities of the city of Vienna for their warm hospitality and the excellent arrangements made for the meeting.