Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Saudi Arabia

UKs Blair Praises Saudi Oil Policy

UK Prime Minister Tony Blair praised Saudi Arabias oil production policy and efforts to bring down oil prices during his visit to Riyadh on 2 July. After meeting Crown PrinceʹAbd Allah, Mr Blair said that Saudi Arabia was doing all possible to bring oil prices down: We discussed the world economy and oil prices are a significant and important part of that. The Saudis have increased production...