VOL. XLII

No 43

25-October-1999

SAUDI ARABIA

Saudi Oil Minister Says "Absolutely No Plans" ToRaise Oil Output Before March 2000 And Reiterates Policy On Foreign InvestmentIn Saudi Energy Industries

Speaking to the press after delivering an address to theHouston Forum on 20 October (for text see pages D1-4), Saudi Oil Minister AliNaimi strongly emphasized once again that there were "absolutely noplans" for OPEC to raise oil production before the end of March 2000 whenthe current supply cutback...