NO. 41



King Fahd Keen to Stabilize Oil Market, Says Nazer

Mr. Hisham Nazer, the Saudi Oil Minister, told the weekly Saudi cabinetmeeting on 9 July that King Fahd is eager to stabilize the petroleum market andthat the Kingdom is doing its utmost to ensure the success of the next OPECMinisterial Conference. According to the Saudi Press Agency (SPA), Mr. Nazersaid to the cabinet that "the Custodian of the Two Holy Shrines isextremely keen to restore stability to the...