VOL. XLI

No. 08

23-February-1998

SAUDI ARABIA

Text of Saudi Oil Minister's Statement and Other Views

The following is the text of the statement by Saudi Oil Minister Ali al-Naimi, aspublished by the official Saudi Press Agency on 18 February:

"The Saudi Minister of Petroleum and Mineral Resources, Mr. Ali al-Naimi,expressed the concern of Saudi Arabia over current oil market conditions and declining oilprices. He emphasized that at this juncture balancing the oil market is a sharedresponsibility...