Saudis Vow Action on Oil Demand

Article Abstract:

Saudi Arabia is to double investment in petroleum production to $50 billion. The Middle East country is not observing the Organization of the Petroleum Exporting Countries production cap and is willing to sell up to capacity on a daily basis, 11 billion barrels. Crown Prince Abdullah of Saudi Arabia is scheduled to meet with President George W. Bush to discuss high oil prices and global petroleum.

United States, Government domestic functions, International economic relations, Finance, Energy policy, Company financing

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Saudi oil minister urges OPEC to increase output limit by 2%

Article Abstract:

Ali Naimi, the Saudi Arabian oil minister has proposed that the Organization of Petroleum Exporting Countries raise its petroleum output by about two percent or about 500,000 barrels a day to aid in meeting world demand. A meeting of the oil cartels energy ministers is planned tomorrow in Isfahan, Iran.

Government expenditures, Organization of Petroleum Exporting Countries, Middle East, Labor Distribution by Employer, Economic policy, Statistics, Organization of the Petroleum Exporting Countries

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Saudi Arabia to scrap gas-investment plan

Article Abstract:

Saudi Arabia will terminate and change a plan to lure investors for the gas industry. The plan was designed to raise $25 billion (21.39 billion euros) in investments for the industry.

Strategy & planning, Natural Gas, Planning, Company investment, Investments, Petroleum, Gas industry, Company business planning

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