VOL. XLI

No. 41

12-October-1998

SAUDI ARABIA

Naimi Warns That Further Production Cuts Could UndermineCompliance

Saudi Oil Minister Ali Naimi has urged that for the oil producingcountries, the task of improving compliance with the existing output reduction programshould take precedence over embarking on additional cutbacks, since such further cutscould actually serve to undermine overall compliance. In an interview with the Saudi dailyal-Riyadh, published on 3 October, Mr. Naimi had the following...