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Al-Naimi comments on oil market
Riyadh, 16 November 2000
In a statement to the press, Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi today said that the 7th International Energy Forum, to be hosted by the Kingdom tomorrow, aimed at formulating a base for dialogue to help the oil producing and oil consuming parties to understand each other's viewpoint. He pointed out that the oil producing countries would like to reach understanding on a price range, not a fixed price. He recalled that Opec has increased its production ceiling four times in one year, adding that a fifth increase would not be appropriate at this time.

He said any forthcoming Opec production increase would be based on market studies and would depend on whether such an increase would contribute to equilibrium in the market.

Source: SPA

Energy and Petroleum Ministers arrive in Riyadh
Riyadh, 16 November 2000
Ministers of Petroleum and Energy from different countries began to arrive in Riyadh to take part in the 7th International Forum, to be held from November 17 to 19, 2000.

Minister for Regional Services and Territories of Australia Ian Macdonald, Minister for Energy and Mines of Algeria Shikaib Khalis, Minister of Prime Minister's Department of Malaysia Bernard Giluk Dompok and Undersecretary of International Energy of Malaysia Robert Braydel and their accompanying delegations arrived in Riyadh tonight.

They were received at King Khalid International Airport by the Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi and a number of officials at the Ministry of Petroleum and Mineral Resources.

Source: SPA


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 June 28, 2001 15:36:05