Oil Minister meets with South Korean president

May 15, 2008

Minister of Petroleum and Mineral Affairs Ali Al-Naimi met with South Korean President Lee Myung-bak in Seoul today for talks on oil cooperation and the status of global markets.

During the meeting, Al-Naimi highlighted the close cooperation between Saudi Arabia and South Korea, which is one of the largest importers of Saudi oil. He also reiterated Saudi Arabia’s balanced oil policy and its efforts to maintain market stability while ensuring adequate supply.

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