VOL. XXXI

NO. 30

2-MAY-1988

KANDIL HAILS NON-OPEC OUTPUT CUT OFFER

The meeting between OPEC and the seven non-OPEC producers in Vienna last weekwas a "turning point in the world oil industry" which should promptoil producers to get their act together, according to Egypt's Oil Minister, Mr.Abd El-Hady Kandil. In an interview with MEES Executive Editor Walid Khadduri,Mr. Kandil stressed that what the industry needs now is to cut back excesssupply, even by a modest amount, and to put a stop to...