2004 News Story

Oil minister meets with visiting IEA head

Minister of Petroleum and Mineral Resources Ali Al-Naimi held a meeting in Riyadh today with Executive Director of the International Energy Agency (IEA) Claude Mandil, who is currently visiting the Kingdom. They reviewed the latest developments in the global oil market as well as cooperation between IEA and Saudi Arabia. Minister Al-Naimi reiterated the Kingdom’s concern for stabilization of the oil market in a manner that serves the interests of both oil-producing and oil-consuming countries.