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Saudi Arabia

King Fahd Stresses Continuity of Saudi Oil Policy

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has issued a statementemphasizing the continuity of Saudi oil policy. King Fahd said that the Kingdomhad adopted "a clear stand to continue with the current level of oilproduction," prompted by an oil policy designed "to achieve a fairbalance between supply and demand and to safeguard the interests of thedeveloping countries." The text of the King's statement...