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Naimi Issues Statement on Oil Situation 2 Riyadh
Al Published in Saudi Press Agency on 13 - 03 - 2005

Naimi closed his statement by indicating that " The Kingdom of Saudi Arabia's current capacity of 11 MMBD can and will be made available to meet market requirements. Monitoring of markets will continue on a regular basis to determine if such requirements arise, and accordingly, additional crude oil supplies will be made available. With expansion plans underway for the period 2006-2009
to increase capacity to 12.5 MMBD, the Kingdom of Saudi Arabia remains fully committed to ensuring adequate crude supplies to the world as it has consistently demonstrated during periods of demand surges and supply disruptions."

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