VOL. XXXI

NO. 17

1-FEBRUARY-1988

OPEC AND OIL PRICES

Oman Ready to Cut Output by 5%

The Omani Minister of Petroleum and Mineral Resources, Mr. Ahmad ibn Sa'idal-Shanfari, has indicated that Oman is prepared to reduce its oil production byup to 5% to help OPEC maintain the current price structure. Mr. Shanfari wasquoted by the English-language Oman Daily Observer on 26 January as saying thatthe production cut would be made if it was felt such a move was necessary'within the framework of an...