VOL. XLI
No. 13
30-March-1998
OPEC
Oil Producers Face Up To Declining Oil Revenues
In Saudi Arabia,the Minister of Finance and National Economy, Mr.Ibrahim Assaf, said last week at a conference in Abu Dhabi that the Kingdom's economicfundamentals were strong despite the recent oil price weakness. However, in the firstadmission from a senior Saudi official that lower oil prices are impacting upon theeconomy, he added that the government was currently revising its economic growthpredictions. The...
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