YAMANI ON OPEC'S GENEVA AGREEMENT

The following is the text, as compiled by MEES, of the press conference given by the Saudi Oil Minister, Shaikh Ahmad Zaki Yamani, in Geneva on 30 January:

Before answering your questions, I would like to make it clear that today's decision, which was taken not by unanimity but by a majority vote, is nothing new in OPEC. In 1974, we reached a decision on royalties by a majority vote at a conference in Quito, Ecuador. In 1976, we reached an...