Friday, June 03, 2005

Saudi oil minister to visit Norway

Saudi Arabia's powerful oil minister Ali al-Naimi will visit non-OPEC oil producer Norway on June 10-13 just a few days before the cartel's June meeting. Al-Naimi will meet Norwegian Oil and Energy Minister Thorhild Widvey in the western port town of Bergen where the two will hold a news conference on Saturday, oil ministry spokeswoman Sissel Edvardsen said. Norway, the world's third biggest oil exporter after Saudi Arabia and Russia, is not a member and does not attend meetings of the Organization of Petroleum Exporting Countries (OPEC), but its oil minister stays in contact with OPEC oil ministers and counterparts in other non-OPEC producers. OPEC will meet in Vienna on June 15 to set output policy for the second half of this year, and many member nations have suggested that production should remain unchanged to build stockpiles before the high-demand fourth quarter. Al-Naimi would stay in western Norway and did plan to visit the capital Oslo on this trip. The program was still being arranged and no further details were available, Edvardsen said.


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