VOL. XLI

No. 23

8-June-1998

OPEC

Text of Amsterdam Communique

The following is the text of the joint statement issued by the Oil Ministers ofSaudi Arabia, Venezuela and Mexico following their meeting in Amsterdam on 4 June.

The Riyadh Agreement of March 22, 1998 among the Oil Ministers of Mexico, Saudi Arabiaand Venezuela, and the subsequent production reductions announced by the three countriesand other OPEC and non-OPEC oil exporters to support the market, marked an importantmilestone in...