Saudia-Online the Net Gate to Saudi Arabia Market
 Business 
Saudi Arabia Business News
Business Opportunities
Business Guide
Companies Directory
Corporate Websites
Currency Exchange
Saudi Arabia Events
Local News
Saudi Stocks
Monthly Economic Reports
Saudi Arabia Travel
Saudi Arabia Weather
Submit Press Release
Read Press Releases
 
 COMMUNITY


Free Websites
 for Saudi companies and Establishment

and

for Foreign companies 
interested in exporting
to Saudi Arabia


Community Sign Up

Email
Chat
Message Boards
Should women be in the army?

Classifieds
Events
 QUICK LINKS
About Saudi Arabia
About us

Advertising
Arabic cuisine
Arabic newspapers

Arabic radio and TV

Free downloads

Saudi Arabia ISP's

Science and Technology

Send us feedback

Travel

Traveling to Saudi Arabia

Phone Free
 
 
 

      
Top Saudi Arabia Business News

      

Al-Naimi delivers speech at the Oil Summit Conference
Paris 25th April 2001

  Saudi Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi has explained that oil market developments of the past two years have provided governments and industry with invaluable lessons.

 Eng. Al-Naimi also noted that the oil price collapse in 1998, in the wake of Asian economic crisis, not only proved the strong link between world oil demand and economic growth, but also affirmed the necessity for a stable oil market where supply and demand are in equilibrium for the health of the world economy.

 In a speech before the second International Oil Summit Conference organized by the French Petroleum Institute early this morning, Al-Naimi said the production decrease initiatives early this year fall within this market-balancing endeavor in an ever-changing world economic environment.

 “Our aim is to keep the market well supplied and prices at the desired average of $25 per barrel for the Opec basket,” he added. The Minister of Petroleum also advocated a holistic and balanced approach to reconciling the demands of energy, the economy and the environment to attain sustainable development, noting that the events in the oil market and in the climate change process in the past few years proved the imperative of this balanced approach to the underlying issues.

 Al-Naimi highlighted the initiative of the Crown Prince of the Kingdom of Saudi Arabia and Commander of the National Guard Prince Abdullah bin Abdul Aziz in proposing the establishment of a permanent secretariat for the International Energy Forum held in Riyadh recently to foster the dialogue between energy producers and consumers on issues of common concern including the economy, energy and environment interrelations.

Source: SPA

Send Page To a Friend  

  
Starting Business with Saudi Arabia Use the Saudi Business Guide
 

Join the Saudia-Online.com mailing list
Your Email Address:

Archives Section

Back to Business News

<Home

Free services in Saudia-Online
Free services

Free Websites for 
Saudi Arabia
 Factories

Free services

Free Websites for Saudi companies and Establishment

Free services

Free Websites for
Saudi Arabia Travel
Agencies and Companies

Free services

Free Domain
Registration

Free services

List your Saudi
Arabia Company in
our Directory

Free services

Subscribe to our
Newsletter

Free services Jobs......
Post a job!

Job Openings

  
Free services

Advertise Free
Classifieds section. 

Free services

Gift Reminder

Free services

eCards

Get Stock Quote: Enter Symbol(s)

Symbol Lookup
My Portfolio
Our Privacy Vow 

 


Make Saudia-Online My Start Page  -  Bookmark Saudia-Online
Contact Us -  Advertising Info -  About Us -  Terms Of Service -  Add My Site -  Privacy Policy 

© 1999-2000 by Horizon for Commercial Development Co., Ltd, All rights reserved.
  Saudia-Online,Malls2Save,JeddahMalls,RiyadhMalls,RiyadhShops,SaudiMade,Travel2Saudi and HDC are  trademarks of Horizon for Commercial Development Co. Ltd.  P.O. Box 14657, Jeddah 21434, Saudi Arabia
 Telephone 00966-2-6693585, Fax 00966-2-6693472
Webmaster@saudia-online.com

29 April 2001 05:02:09 PM

Click Here!