VOL. XLIV

No. 03

15-January-2001

SAUDI ARABIA

Yamani Says OPEC Output Cut Should Await Iraqi Production Move

Former Saudi Oil Minister Shaikh Ahmad Zaki Yamani said on 11 January that OPEC should refrain from cutting production at its 17 January meeting in Vienna until it became clear what might happen to production from Iraq. The first step now is not to cut output on 17 January, he said in a lecture at the Royal Institute for International Affairs in London. OPEC must wait and see what Iraq...