VOL. XLIV

No. 07

12-February-2001

OPEC

Naimi Says GCC States Will MeetRising Oil Demand To Tune Of 500,000 B/D Annually

Saudi Oil Minister Ali al-Naimi,speaking at the annual Sanderstolen conference in Norway on 7 February, gave anoptimistic assessment of future prospects for Gulf oil producers. Assumingcontinued general economic growth during the next 20 years which we all hopefor and expect, he said, then demand for oil should rise. Accordingly, theGCC countries will share in that increase to...