VOL. XXXVIII

NO. 33

15-MAY-1995

GCC-EU

Moneef On Euro-GCC Energy Relations

The trade balance between Europe and the Gulf Cooperation Council (GCC) hasturned in Europe's favor in recent years, after many years of being inequilibrium, as a result of declining European oil imports from the region,according to Dr. Majid al-Moneef, Advisor to the Saudi Minister of Petroleum andChairman of the Energy Team of the GCC. In a paper delivered at the AIEEConference on Energy Strategy for Europe, held in Rome...