NO. 17


Shanfari's Non-OPEC Progress Report Cuts Little Ice In Riyadh

According to MEES soundings, the results to date of the campaign orchestratedby Omani Oil Minister Sa'id al- Shanfari to canvas support for oil productioncutbacks among non-OPEC exporting countries have clearly failed to generatemomentum for parallel action by the major Gulf producers. Despite Mr. Shanfari'supbeat references to "positive responses" from non-OPEC producers suchas Russia, Egypt, Yemen,...