VOL. XXXI

NO.41

18-JULY-1988

SAUDI ARABIA DENIES OVERPRODUCTION REPORTS

The Saudi authorities have taken the unusual step of issuing two statementsdenying reports to the effect that the Kingdom is exceeding its OPEC quota as aresult of the massive $17bn arms deal it has concluded with the UK (see pageA2). in the first of these, on 13 July, the Saudi Oil Minister, Mr. HishamNazer, asserted that "there is no connection between the Saudi-Britisharms deal and the level of oil production in Saudi...