VOL. XLIII

No. 14

3-April-2000

SAUDI ARABIA

Saudi Arabia And Iran Prepare To Increase Production In The Wake of OPEC Output Hike

Following the decision by OPEC member states to raise output in a bid to return the supply-demand balance to equilibrium (for full analysis see lead story), the organizations two largest producers, Saudi Arabia and Iran, are working out how best to effect the increases as of 1 April.

While Iran was not a party to the OPEC agreement, the organization members with the...