VOL.XXXIXNo. 6018-November-1996GENERAL

The Oil Industry: Challenge And Change by Ali al-Naimi

The following is the text of an address delivered by the SaudiMinister of Petroleum and Mineral Resources, Mr. Ali al-Naimi, atthe annual meeting of the American Petroleum Institute in Washington on 11November.It is often said that history is a good teacher. Less often asked is: "Howwell did the students learn?" If old lessons are a guide, we in oilhave every reason to expect as much change ahead as...