Saudi oil minister pledges stable global energy supply |
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Mon, 22 Jan 2007 11:31
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SEOUL (XFN-ASIA) - Saudi Arabia has pledged to work for stability in international energy supplies, South Korea's presidential office reported.It said President Roh Moo-Hyun asked visiting Saudi Oil Minister Ali Al-Nuaimi to help in providing a stable supply of petroleum and liquefied petroleum gas to South Korea.'In response, the Saudi minister promised to do his best to maintain stability in his country's energy supply for South Korea, as well as in international markets,' the office said in a statement.Al-Nuaimi also discussed his country's goals for industrial diversification and requested more South Korean investment, it said.The minister, in a visit to India last week, underlined plans to increase production capacity sharply on the back of a massive 80 bln usd investment.'Saudi Arabia is working continuously to expand its ability to deliver energy to world markets and especially to the growing Asian market,' he said in New Delhi.afp/sm/bmm/km
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Saudi commits 80 bln usd investment to raise oil delivery to global markets 