NO. 13


Kuwait Terminates Contracts of Customers Refusing to Accept Fixed OPECPrices

Kuwait's Oil Minister, Shaikh 'Ali Khalifah al-Sabah, has reaffirmed hiscountry's readiness to cut production in January to its new OPEC quota level of948,000 b/d (as against 999,000 b/d in December) and to implement the new fixedprice system on 1 February in accordance with OPEC's Geneva agreement. In astatement to the Kuwait daily al-Qabas, Shaikh 'Ali said "there will be nobargaining on...