Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz today presided over the regular weekly meeting of the Council of Ministers and urged all concerned to exert the utmost efforts in the service of those performing Hajj, recalling how the Kingdom has implemented expansion projects at the Two Holy Mosques and development projects in the surrounding areas in order to ensure the comfort of the pilgrims. He highlighted, in particular, the project for fire-proof tents at Mina.
The cabinet then listened to a report submitted by Minister of Petroleum and Mineral Resources Ali Al-Naimi on the global oil market situation and the outcome of the talks last week among the Oil Producing and Exporting Countries (OPEC). The cabinet praised last Friday's declaration at The Hague, made within the framework of ongoing efforts for re-stabilizing the oil market and improving oil prices; and reiterated Saudi Arabia's concern for cooperation to restore the balance in the oil market in a way that serves the interests of both oil producing and oil consuming countries in the long as well as the short term, and that paves the way for a suitable investment environment for the petroleum industry.
King Fahd went on to brief the cabinet on the outcome of his talks with Palestinian President Yasser Arafat, reiterating Saudi Arabia's support for the Palestinian cause and the right of the Palestinians to establish their independent state on their homeland with Jerusalem as its capital. He also briefed the cabinet on the outcome of his talks with Crown Prince Felipe of Spain, highlighting the deep-rooted Saudi/Spanish relations that exist.