VOL. XL

No. 26

30-June-1997

SAUDI ARABIA

OPEC: The Saudi View

The following account of the outcome of OPEC's Vienna conference from a SaudiArabian perspective is based on an interview with the Saudi Minister of Petroleum andMineral Resources, Mr. Ali al-Naimi, conducted by MEES Editor Ian Seymour.

The Saudi Minister dismissed media reports of tough talks and even threats having beenexchanged between the OPEC Oil Ministers during their consultations and closed-sessionmeetings in Vienna. The...