2003 Press Release
 

03/20/2003
Kingdom reiterates assurances of stable oil supplies
Kingdom’s Production and Export Facilities Are ‘In Harmony’ With Market Demands

[Riyadh, Saudi Arabia] –The Kingdom’s Minister of Petroleum and Mineral Resources Ali Al-Naimi has confirmed that oil production and export facilities in Saudi Arabia are in harmony with current market demands, and oil exports and shipments are proceeding on a regular planned schedule.


“All precautions have been taken”, stated Al-Naimi, to ensure the flow of oil supplies.

The Kingdom is committed to keeping oil prices and the market as stable as possible despite disruptions that may arise as a result of military actions in Iraq.

Saudi Arabia will continue to implement the resolutions of the 124th conference of the Organization of Petroleum Exporting Countries that stressed OPEC's readiness to make supplies available under any circumstances.

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