eighties to the end of nineties. He stressed that the Kingdom of Saudi Arabia has been exerting all efforts to provide sufficient supplies of crude oil and oil products to meet increasing world demand for energy and has been working to be a source of stability for world markets. Al-Naimi pointed out that the Kingdom of Saudi Arabia has been increasing its exports to Asian dynamic economies according to their increasing needs, working for partnership and investment in Kingdom and Asian major oil consumers and establishing closer relations with them. " The Kingdom of Saudi Arabia is committed to increasing the supply of crude to India as demand increases in the coming years,'' he said and added,' While two decades ago we exported only a tiny amount of crude to India, today we are supplying about 500,000 barrels per day (bpd) to this growing market; we stand ready and committed to increasing those supplies as needed in the years to come.'' He expressed the Kingdom's interest in various joint-venture partnerships with Indian companies in the Kingdom of Saudi Arabia or in India. Al-Naimi invited Indian engineering and construction firms to bid for many new projects available in petroleum, natural gas, petrochemicals and mineral sectors in the Kingdom of Saudi Arabia."
