VOL. XLI

No. 19

11-May-1998

SAUDI ARABIA

US Praises Saudi Role As "Dependable, Reliable And Secure Oil Supplier''

Following a meeting at the US Department of Energy headquarters in Washington on 4 Maybetween US Energy Secretary Frederico Pena and Saudi Oil Minister Ali Al-Naimi, the twosides issued a joint communique recognizing "the importance of maintaining excessproduction capacities worldwide and the orderly and timely utilization of such capacitiesto achieve market stability, transparency...