NO. 35


Saudi Arabia

King Fahd Reiterates Saudi Commitment to Balanced Oil Policy

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has reiterated the Kingdom'scommitment to a balanced oil policy at a meeting of the Saudi Council ofMinisters on 25 May. The following is the full text of King Fahd's statement (MEEStranslation from the Arabic):

"The Guardian of the Two Holy Shrines has confirmed once more that theKingdom is committed to a balanced oil policy aimed at achieving stability...