VOL. XXXI

NO. 50

19-SEPTEMBER-1988

SAUDI ARABIA

Nazer Denies Price Committee Reports

The Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer, hasdenied reports early last week which attributed the sudden fall in oil pricesto Saudi Arabia's unwillingness to attend a meeting of OPEC's price committee.The Saudi Minister told the Saudi Press Agency (SPA) on 11 September that thesereports are "not true", and stressed that "Saudi Arabia is alwaysthe first to attend any meeting decided on...