VOL. XLI

No. 06

9-February-1998

SAUDI ARABIA

Saudi Arabia Wants Action On Production Restraint By VenezuelaAnd Nigeria

Saudi Arabia sees no need for a meeting of OPEC and non-OPEC oilproducers as suggested by Venezuela and believes quota compliance by both Venezuela andNigeria should be the first priority, according to a Gulf source who is close to officialSaudi thinking. Questioned by Reuters on 5 February about the Venezuelan proposalfor such a meeting, the Gulf source was quoted as replying:...