Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah Bin Abdul
Aziz today presided over the regular weekly meeting of the Council of Ministers and
expressed satisfaction at the success of the Organization of Petroleum Exporting Countries
(OPEC) and others outside the cartel that cooperated with them by adhering to the
prescribed production quotas, a move that led to equilibrium in oil prices and positive
results for the global economy. The Crown Prince went on to say that maintaining this
balanced level should remain the responsibility of OPEC and other major oil producers, and
confirmed the Kingdom's concern and efforts in this matter to ensure equilibrium for the
benefit of both producers and consumers.
Turning to international affairs, notably the latest escalation between India and Pakistan,
Crown Prince Abdullah called on the two parties to exercise self-control and resolve their
differences by peaceful means and direct dialogue, prudently and in moderation.
On Gulf Cooperation Council (GCC) matters, Crown Prince Abdullah announced that the Kingdom
would put into effect a resolution passed at the summit meeting in Abu Dhabi last December,
concerning amended regulations covering ownership of stocks and wholesale trading within
In domestic matters, Crown Prince Abdullah expressed satisfaction at the preparedness of
the various levels of the Kingdom's educational sectors to receive students, both male and
female, for the new academic year. The cabinet then authorized the Minister of Foreign
Affairs or his representative to sign the protocol related to the international agency
concerned with protection of the seabed.