Middle East Economic Survey
VOL. LIII
No 5
1-Feb-2010
OIL PRICES
Naimi Declares Satisfaction With Great Oil Price
Current oil prices of $70-80/B are good for both consumer and producer and are sufficient to attract necessary investment into building future capacity, Saudi Arabias Minister of Petroleum and Mineral Resources Ali al-Naimi declared in remarks published on 25 January. Everyone is looking at this price. And everyone is saying this is great. And more importantly, economic...
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