VOL. XL

No. 20

19-May-1997

GENERAL

The Price Of Crude Oil In International Trade: Free Or Managed?

by Nordine Ait-Laoussine

The following paper was presented by Mr. Nordine Ait-Laoussine atthe conference on the theme of "Middle East Oil and Gas: Towards the ThirdMillenium," held in Isfahan, Iran, on 8-10 May. Mr. Ait-Laoussine, a former AlgerianEnergy Minister, is President of the Geneva-based consulting firm Nalcosa.

To begin withthe past, let me start with a general statement: the price of...