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.
