NO. 3

27 October 1986

Text of Saudi Statement, 17 October

(The following statement was issued in Jiddah on 17 October by an officialspokesman for the Saudi Arabian Government.)

In view of the faltering progress of the talks currently being held at theOPEC conference and of the failure to reach a permanent agreement on thedistribution of quotas among the member countries, the Kingdom of Saudi Arabia,desirous of encouraging balance and coordination between the producing andconsuming...