VOL. XLI

No. 43

26-October-1998

OPEC

Declining Oil Prices And Budget Revenues

In Kuwait, the Crown Prince and Prime Minister, Shaikh Sa'dal-'Abd Allah al-Salim al-Sabah, told the Supreme Planning Council on 21 October that"the decrease in the countrys revenues as a result of the drop in oil pricesmakes economic reforms the most pressing issue and poses crucial challenges that citizensand the state should jointly face." Referring to the global economic crisis and itsadverse effects on the...