2003 News Story

Kingdom reiterates assurances of stable oil supplies

Minister of Petroleum and Mineral Resources Ali Al-Naimi today confirmed that the Kingdom's oil production and export facilities are working in harmony with market demands, and shipments are proceeding according to their normal schedule. All precautions have been taken, he said, to ensure the flow of oil supplies, and gave assurances that in its own interest, and because of its concern for market stability, 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.