VOL. XXXVI

NO. 33

17-MAY-1993

OIL TAXES

Saudi Foreign Minister Criticizes European Energy Tax

Prince Sa'ud al-Faisal, the Saudi Foreign Minister, urged the EuropeanCommunity (EC) last week to review the proposed energy tax which he saiddiscriminates against oil. Prince Sa'ud told a joint meeting of EC and GulfCooperation Council (GCC) ministers that trade between the two regions was basedon a clear equation - stable oil supplies for the EC and free access to theCommunity market for the Gulf...