VOL. XLVI

No 18

05-May-2003

SAUDI ARABIA

Naimi Retains Oil Portfolio In Saudi Cabinet Reshuffle

Saudi Arabias Ali Naimi has retained the position of oil minister in a scheduled cabinet reshuffle that saw little change to the key governmental posts (MEES, 3 February). Mr Naimi, who has held the post now for eight years, is widely credited for driving OPECs market management policies which have delivered stable oil prices that since late 1999, have averaged within the organizations preferred...