VOL. XL

No. 49

8-December-1997

OPEC

OPEC Press Release

The following press release was issued by OPEC on 1 December 1997:

The 103rd Meeting of the Conference of the Organization of the PetroleumExporting Countries (OPEC) was held in Jakarta, Indonesia, from 26 November to 1 December1997.

HE Mohammed Soeharto, President of the Republic of Indonesia, formally addressed theConference.

The Conference unanimously elected HE Ida Bagus Sudjana, Minister of Mines and Energyof Indonesia and Head of its...