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Business & Economy

Al-Naimi, five Ambassadors discuss oil market situation

Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi held today a number of separate meetings at his office here, with the accredited ambassadors of South Korea, the Netherlands, Nigeria, Kazakhstan and Bahrain to the Kingdom of Saudi Arabia, Kim Jong-yong, Laurens Westhoff, Abu Bakr Shiho, Bakhtiar Tasimov, and Sheikh Hamoud bin Abdullah Al Khalifa, respectively.
During the meetings, the Minister of Petroleum and Mineral Resources discussed with the Five ambassadors, the current situation of the international oil market and the importance of the market's stability was also emphasized in the interests of producing and consuming countries alike, especially the economies of developing countries.
The meetings also dealt with discussions on ways of developing the Kingdom's cooperation with these countries in the fields of petroleum, energy, mining, the environment and the development of joint investments.
The meetings were attended by Dr. Ibrahim bin Abdulaziz Al-Muhanna, the Minister's Advisor.

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