NO. 47


OPEC & Gulf Crisis

OPEC Producers Should Help Offset World Oil Shortfall, Says Nazer

Saudi Arabia's Oil Minister, Mr. Hisham Nazer, has made a strong plea thatOPEC oil producing countries with spare capacity should help to offset theshortfall of over 4mn b/d of crude supply caused by the shutdown of exports fromIraq and Kuwait. Speaking at a press conference in Jiddah on 18 August, Mr.Nazer noted that Saudi Arabia had formally called for an immediate...