VOL. XLVI

No 23

9-June-2003

SAUDI ARABIA

Gulf Producers See No Threat From Caspian Production, Says Naimi

The discovery of new oil reserves in the Caspian region and increasing production from there are not seen as a threat by Gulf producers, but as welcome hope that abundant supplies of oil will be available to ensure the future health of the world economy, Saudi Oil Minister Ali Naimi said on 3 June. He was addressing the 10th International Caspian Oil and Gas Exhibition and Conference in Baku,...