23 MARCH 1987
OPEC AND OIL PRICES
Nazer Says Saudi Arabia Committed to December Agreement
Both Saudi Arabia and OPEC collectively are producing at less than their fullquota levels, and reports to the contrary are without foundation, according tothe Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer.
In an interview with Reuters published on 15 March, Mr. Nazer said that SaudiArabia was "gratified" by the implementation of OPEC's Decemberagreement and that "from...