VOL. XLIV

No. 24

11-June-2001

SAUDI ARABIA

Saudi Gas Initiative

The following is the text of the prepared statement read by Saudi Foreign Minister and Chairman of the Gas Initiative Ministerial Committee, Prince Sa'ud al-Faisal, at a press conference held in Jiddah on 3 June.

This afternoon the Kingdom signed Preparatory Agreements with eight leading international oil companies. These agreements describe how the companies will work together with the Kingdom to bring about a new kind of partnership...