VOL. XXX

NO. 24

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...