VOL. XXXII

NO. 2

17-OCTOBER-1988

OPEC

Saudi Arabia Reiterates OPEC Stand

Saudi Arabia has issued two more statements during the past week reiteratingits position to the effect that it is prepared to adhere to its OPEC-allocatedproduction quota provided other member countries do likewise. The firststatement, issued on 8 October by the Oil Minister, Shaikh Hisham Nazer, andevidently prompted by media speculation about the possibility of Saudi Arabialeaving OPEC was as follows:

"The media have started...