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Monday, June 8, 1998 Published at 01:49 GMT 02:49 UK World: Middle East Saudis seek oil production cuts in Gulf The Saudi oil minister, Ali Naimi, has toured neighbouring Gulf states to secure support for a new round of cuts in oil production aimed at raisingprices. After brief visits to Qatar, Oman and the United Arab Emirates, he said all three had shown a willingness to contribute. Qatar said it would cut its daily output by twenty-thousand barrels from next month. The tour by Mr Naimi came only three days after Saudi Arabia, Venezuela and non-Opec member Mexico agreed in Amsterdam to reduce output by a combined total of five-hundred-and-fifty-thousand barrels-per-day. From the newsroom of the BBC World Service |
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