VOL. XXXNO. 510-NOVEMBER-1986

OPEC AND OIL PRICES

IIran and Libya Welcome Yamani's Dismissal

Both Iran and Libya have claimed that the dismissal of Shaikh Ahmad ZakiYamani as Saudi Arabia's Oil Minister will have a favorable impact on OPEC'sprospects.

Iran's official news agency IRNA, in a commentary published on 1 November,said that in the wake of Shaikh Yamani's departure "a very bright andfavorable picture can be drawn of the prospects of the oil market," amongthem "increased revenue for OPEC...