VOL. XLVI

No 21

26-May-2003

SAUDI ARABIA/OPEC

Naimi Stresses Importance Of Arab Oil, OPEC And NOCs In Post-Iraq War Era

Saudi Oil Minister Ali Naimi, in a speech on 22 May to the 9th Arab Investment and Capital Markets Conference in Beirut, emphasized the importance of the Arab world as a source of oil for the future. He also defended the role of OPEC and national oil companies (NOCs). Mr Naimi said his aim was to discuss the horizons and directions of the international oil market and the policy...