VOL. XLIII

No. 49

4-December-2000

SAUDI ARABIA

Saudi Arabia And Egypt Rule Out Use Of Oil Weapon

Suggestions that Arab states should stop exports of oil to the US and other countries backing Israel as a way of supporting the Palestinian uprising have been dismissed by two of the most influential countries in the region, Saudi Arabia and Egypt. Saudi Oil Minister Ali al-Naimi, in an interview with the daily al-Hayat published on 26 November, pointed out that our states depend on oil revenues for...