VOL. XXXI

NO. 14

11-JANUARY-1988

UAE

Otaiba Rejects Price Discounts for UAE Oil Sales

The UAE Minister of Petroleum and Mineral Resources, Dr. Mana Saeed al-Otaiba,has expressed confidence that the fall in spot market prices following lastmonth's OPEC conference in Vienna was a temporary phenomenon and that OPECsolidarity in adhering to the agreement reached at the meeting will ensure thatprices will hold up in the first quarter of 1988. At the same time he hasreiterated the UAE's commitment to...