NO. 15



Nazer Hopes for Higher Saudi Quota; Otaiba Calls for Increased Gulf Output

Following up on King Fahd's statement the previous week (MEES, 8 January),the Saudi Oil Minister, Mr. Hisham Nazer, has also made it clear that SaudiArabia will be seeking an increase in the OPEC production ceiling this year anda consequent rise in the Saudi quota volume.

In a Saudi TV interview on 6 January Mr. Nazer stated: "We hope thatwith God's blessing the Saudi quota (now 5.38mn...