VOL. XLI
No. 12
23-March-1998
OPEC
Nazer Calls For OPEC Rethink
The following is the text of an interview with former Saudi Oil Minister HishamNazer on challenges facing OPEC. The interview was published in the Saudi daily Asharqal-Awsat on 11 March (MEES translation from Arabic):
Q: Has OPEC become a mechanism to control the oil market only at the expense of itsmembers' production and revenues after it reduced its production to strengthen priceswhile the other producing countries followed...
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