VOL. XLII

No. 20

17-May-1999

SAUDI ARABIA

Naimi Says Consultations Underway On Working Program For$18-20/B Price Target

Saudi Arabian Oil Minister Ali Naimi has affirmed SaudiArabia痴 support for, and readiness to defend, an oil price range of $18-20/Bfor Brent crude, adding that the Kingdom and other oil producers are holdingconsultations to translate this objective into a practical and flexible workingprogram. "The Kingdom of Saudi Arabia, and many of the other producingcountries, believe that...