VOL. XXXVI

NO. 11

14-DECEMBER-1992

SAUDI ARABIA

Nazer PredictsOil Market Recovery

Saudi Arabia's OilMinister, Mr. Hisham Nazer, is predicting that oil prices will soon recover fromtheir recent downturn. After arriving in Cairo on 9 December for a ministerialmeeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), Mr.Nazer was quoted as saying: "The oil market will pass through a correctionperiod towards a significant improvement in oil prices." He also pledgedthat Saudi Arabia...