NO. 10


Gulf Crisis

OPEC Will Survive the Gulf Crisis, Says Armas

Mr. Celestino Armas, the Venezuelan Minister of Energy and Mines, said lastweek that OPEC will survive the current Gulf crisis because of its vital role instabilizing world oil markets. He told the "Juan Pablo Perez Alfonzo"conference in Caracas on 4 December that "during the Gulf crisis, OPEC hasfulfilled its responsibility to the world," and that "thanks to theextraordinary meeting of last August, a...