VOL. XXXNO. 510-NOVEMBER-1986

OPEC AND OIL PRICES

Malaysia Supports Higher Prices

The Chairman of Malaysia's state oil company Petronas, Mr. Raja MoharBadiozaman, has expressed support for OPEC moves aimed at increasing oil prices.In a newspaper interview on 6 November, Mr. Badiozaman said that OPEC'sintention of raising the price to $18/B would augur well for Petronas, but thatmore time would be required to achieve this objective. He added that Malaysia's10% production cut (to 459,000 b/d) in...