NOS. 13/14

27-DEC-93/3 JAN 94

Proposed Output Cut By GCC Producers Would Be Conditional Upon MatchingEffort By Non- OPEC

Perhaps the main point to be noted in decoding the communiquÅ issued bythe Summit Conference of the six Gulf Cooperation Council (GCC) states - SaudiArabia, Kuwait, Oman, the UAE, Bahrain and Qatar - in Riyadh on 22 December isthat the declared readiness of the GCC members to participate in reducing oilproduction is totally conditional on a matching cutback effort...