2004 News Story

Saudi and Norwegian oil ministers meet in Riyadh

Minister of Petroleum and Mineral Resources Ali Al-Naimi held a meeting in Riyadh today with Norway's Minister of Petroleum and Energy Einar Steensnaes. During the meeting, they discussed aspects of cooperation between the two countries in the area of petroleum, prospects of developing joint investments, the latest developments in the international oil market and the scope of cooperation between oil producing and oil consuming countries. In a press statement, Minister Al-Naimi said the meeting had focused on the stability of the international oil market, and reviewed issues pertaining to oil production and demand, aspects of cooperation between Saudi Arabia and Norway in technology, development of Saudi industries and the Kingdom’s natural gas program.