NO. 24



Otaiba Sees $18-20/B Ideal Price until 1991

The UAE Minister of Petroleum and Mineral Resources, Dr. Mana Saeed al-Otaiba,said last week that an oil price of $18-20/B was ideal for this year and perhapsnext year as well. In the opening address to an oil industry seminar in AbuDhabi on 13 March, Dr. Otaiba stated that "oil prices are currentlyfluctuating between $18-20/B, that is the ideal level which I myself would liketo see and would like maintained for the...