VOL. XXXII
NO. 35
5-JUNE-1989
SAUDI ARABIA
Saudi Arabia Proposes Market-Determined Price Structure
In a major policy statement timed to coincide with the opening of the OPECconference in Vienna, the Saudi Oil Minister, Mr. Hisham Nazer, has announcedthat Saudi Arabia favors the replacement of OPEC's current $18/B target priceby a market-determined price which, providing the OPEC members adhere to theirquotas, could exceed $18/B.
Speaking in an interview published on 31 May in the New York Times,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!