VOL. XLIV

No. 27

2-July-2001

SAUDI ARABIA

Naimi Says Fair Oil Price/Spare Capacity Is Formula For Market Stability

A fair and equitable oil price together with spare production capacity are "two necessary and inter-related parameters" for achieving world petroleum stability and security, according to Saudi Oil Minister Ali al-Naimi, in a speech to the Crans-Montana Forum 2001 in Switzerland on 27 June. Addressing the subject of the worlds petroleum supply, Mr Naimi said he recognized an...