OPEC AND OIL PRICES
Algeria Welcomes Saudi Proposal
Algeria's Minister of Energy and Petrochemical Industries, Mr. Belkacem Nabi,has said that his country "welcomes" the Saudi proposal to return to afixed price of $18/B, and has predicted that it will be endorsed by theforthcoming OPEC meeting in Geneva.
In comments published by the Saudi daily Okaz on 30 November, Mr. Nabi saidthat "we should work inside OPEC to consolidate the Saudi proposal to raiseprices and fix...
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