OPEC

Gharazi Says Saudi Warning Is "Timely" 

Iran's Oil Minister, Mr. Mohammad Gharazi, has expressed sympathy for Saudi Arabia's call for the restoration of discipline within OPEC and described Saudi warnings of unilateral action if steps are not taken in this direction as "timely".

Mr. Gharazi's comments - which refer to the letter from King Fahd of Saudi Arabia delivered to the OPEC Ministerial Executive Council in Taif on 2-3 June (MEES, 10 June...