VOL. XXXNO. 220-OCTOBER-1986

OPEC

Saudi and Kuwaiti Statements Call for New Quota Agreement

Both Kuwait andSaudi Arabia last week issued Cabinet statements while the Geneva OPECconference was in session emphasizing the need to replace the current two-monthtemporary agreement on quotas with a permanent agreement involving areallocation of quotas.

The Saudi statement, published on 13 October, refers specifically to thecommunique issued after the meeting of the Gulf Cooperation Council (GCC)...