VOL. XL

No. 47

24-November-1997

OPEC

Shouldering The Burden Of Surplus Capacity In The Oil Industry

by Ahmad Zaki Yamani

The following is the text of the keynote speech delivered by Shaikh Ahmad ZakiYamani, Chairman of the Centre for Global Energy Studies (CGES) and former Saudi Ministerof Petroleum and Mineral Resources, at the 18th Annual Oil and Money Conferencein London on 18 November.

It is a great honor indeed to be invited to deliver the keynote speech at thisimportant event in the oil...