intensive industries such as iron and aluminum smelters. But we are also expanding the exploitation of our mineral wealth to increase the diversification of our national economy. Distinguished Delegates, Ladies and Gentlemen; Now, I would like to discuss the issues of oil supply, price and the policies of Saudi Arabia. We in Saudi Arabia are well-aware that the availability of sufficient quantities of reasonably-priced energy is a crucial issue for all countries, but particularly for developing countries. We also know that reliable supply and stable prices are imperatives for sustained economic growth. --More