NO. 42



Price Increases Should be Implemented in Stages, Says Boussena

Mr. Sadek Boussena, the Algerian Minister of Mines and OPEC President, saidon 16 July that it was possible that the 25 July OPEC meeting would decide toincrease the $18/B minimum reference price but noted that there were differentopinions on this matter. "Some think we should fix a higher price as ofJuly. I continue to believe that this should be done in stages. The stage now isto extract ourselves...