Middle East Economic Survey

VOL. XLVIII

No 1

3-January-2005

SAUDI ARABIA

Naimi Stresses Capacity Expansion Plans In Qatif Inauguration Speech

Saudi Arabias Oil Minister Ali Naimi stressed the kingdoms plans to expand oil production capacity and its producible oil reserves at the inauguration ceremony for the Qatif project on 26 December (MEES, 13 September 2004). Mr Naimi said that the countrys oil policy sought to strike a balance between the kingdoms present interests of acquiring a profitable...