VOL. XXXI

NO. 23

14-MARCH-1988

OPEC

Indonesia and Nigeria See Pitfalls in Price Committee Meeting

Both Indonesia and Nigeria feel that it would be better for OPEC'sfive-member price monitoring committee - comprising the oil ministers ofIndonesia, Saudi Arabia, Algeria, Nigeria and Venezuela - not to meet at allthan for it to meet and fail to take action on the recent slide in oil prices.

Indonesia's attitude was articulated by its Energy and Mines Minister, Dr.Subroto, on 9 March when he told...