SAUDI ARABIA
Yamani Confirms Saudi Intention to Produce Quota
The Saudi Oil Minister, Shaikh Ahmad Zaki Yamani, has confirmed that Saudi Arabia no longer sees itself as the swing producer within OPEC and is determined to produce its fixed quota within the Organization's overall 16mn b/d production ceiling. Speaking in an interview with the Arabic language London weekly al-Majalla, Shaikh Yamani said that Saudi output was currently averaging "not more than" 2.5mn b/d and...
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