NO. 52



OPEC Ministerial Statements

Mr. Hisham Nazer, the Saudi Oil Minister, has put a swift end to speculationthat the Kingdom might be willing to cut its production below 8mn b/d. Upon hisarrival in Geneva on 23 September for the meeting of the OPEC MinisterialMonitoring Committee which begins on 25 September, he said in answer to aquestion as to whether Saudi Arabia would lower production below 8mn b/d,"of course not."

Mr. Ali al-Baghli, the Kuwaiti Oil...