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news with photo
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Custodian of the Two Holy Mosques Chairs Cabinet Session ...SPA 28/8/1431H
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Al-Naimi Holds Press Conference 3 Jeddah
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On the Kingdom's oil production increase, the Minister confirmed there are efforts to make energy available, but we should bear in mind that the Kingdom is a developing country and does that gradually. Its efforts aim at diversifying energy sources and meeting the demand, he added.
There are a lot of efforts exerted by the Kingdom of Saudi Arabia to move in the direction of providing energy to find alternative energies to meet our needs, he said, adding that "at the same time, we want to achieve prosperity for our people and we also want to control the inflation". "And thus, we are going to support the fuel, but such support will not continue forever, I believe".
We will try to diversify the sources of our economies, exert more efforts and work to preserve our wealth, the Minister of Petroleum and Mineral Resources said.
He denied that the Kingdom was subject to pressure to increase its oil production or to hold this meeting. What encouraged the Kingdom to call for this meeting is the escalation and fluctuation of oil, which negatively affected the economies of many countries in the world, especially the economies of developing countries. This is the main reason, he added.
He said that oil producing countries have asked consuming countries to reduce taxes imposed on their citizens, explaining that "reducing taxes on products in consumer countries was an unrest demand of all oil producing countries, a situation that will be examined by those countries now."
--SPA
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 Crown Prince receives Governor of Agadir ...SPA 28/9/1431H  Crown Prince receives Governor of Agadir ...SPA 28/9/1431H  Custodian of the Two Holy Mosques receives Egypt's Chief of Intelligence ...SPA 28/9/1431H  The joint meeting between the Ministerial Council of the GCC and representatives of the Consultative Commission for the Supreme Council of the GCC starts (SPA) 27/9/1431 H  The joint meeting between the Ministerial Council of the GCC and representatives of the Consultative Commission for the Supreme Council of the GCC starts (SPA) 27/9/1431 H  The joint meeting between the Ministerial Council of the GCC and representatives of the Consultative Commission for the Supreme Council of the GCC starts (SPA) 27/9/1431 H  GCC Ministers of Foreign Affairs, Finance, Commerce and Economy Arrive in Jeddah SPA 27/9/1431 H  GCC Ministers of Foreign Affairs, Finance, Commerce and Economy Arrive in Jeddah SPA 27/9/1431 H  GCC Ministers of Foreign Affairs, Finance, Commerce and Economy Arrive in Jeddah SPA 27/9/1431 H  GCC Ministers of Foreign Affairs, Finance, Commerce and Economy Arrive in Jeddah SPA 27/9/1431 H
 
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