NO. 31


Nazer Denies Allegations of Saudi Over-Quota Production

In a statement to the Saudi Press Agency (SPA) on 3 May the Minister ofPetroleum and Mineral Resources and Acting Minister of Planning, Mr. HishamNazer said that "crude oil sales of the Kingdom of Saudi Arabia during lastApril averaged 4.5mn b/d which are exactly equivalent to its OPEC quota."The Minister also told SPA "that what was published by the newspaper LeFigaro and other news agencies to the effect that...