VOL. XXXI

NO. 32

16-MAY-1988

OPEC

Nazer Rebuts Criticism of Saudi Stand in Vienna

The Saudi Oil Minister, Mr. Hisham Nazer, has reiterated the position takenby his country at the recent consultative OPEC meeting in Vienna - that OPECshould offer to match non-OPEC production cuts only on a barrel-for-barrelbasis, and that the reduction should be distributed equally among the membercountries - and has indicated that this policy is unlikely to change before thenext OPEC meeting in June.

In a...