Middle East Economic Survey


No 40


Oil Industry Challenged By Deliverability, Not Availability, Naimi Says

The turbulence seen in oil markets of late is the result of the pressure on the global petroleum industrys infrastructure, Saudi Oil Minister Ali Naimi told delegates to the 18th meeting of the World Petroleum Congress in Johannesburg on 27 September. The challenge faced by the industry is, therefore, not one of availability, but deliverability, he said (for full...