No. 13



Statements On Riyadh Accord

The following are the texts of statements on the Riyadh accord issued by: SaudiArabia, Venezuela and Mexico jointly; Saudi Arabia; Mexico; and Algeria.

Statement by Saudi Arabia, Venezuela and Mexico - Riyadh, 22 March

During the first three months of 1998, the world oil market has been extremely weak, asa result of a lower than expected demand. The resulting very low prices have caused asignificant reduction in the revenues of all...