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Vienna-In spite of Iraq’s decision to stop oil deliveries, the 11- nation Organization of Petroleum Exporting Countries(OPEC)will not increase production to make up the shortfall, ministers decided Tuesday in Vienna.
The 11 oil ministers decided to meet again on July 3 to discuss the effects of the Iraq temporary stop. The organization’s president, Charkid Kheria of Algeria, said after the meeting that stocks were high and prices were stable, so quota increases were not necessary.
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