Hijjah 03, 1431H, Nov 09, 2010, SPA-- The Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi held a meeting here today with Venezuelan Minister of Foreign Affairs Nicolas Maduro Moros. The meeting dealt with means of developing the bilateral relations and cooperation between the two countries in the field of petroleum and energy, the importance of the stability of international oil market in terms of balance between supply and demand, and prices for the interest of producing and consuming countries, and oil industry. The meeting also dealt with The Organization of the Petroleum Exporting Countries (OPEC), as the Kingdom of Saudi Arabia and the Republic of Venezuela are among the founders of the Organization which have been interested in its strength and cooperation among all its members; as well as the importance of investment between the two countries in the fields of petroleum, energy and the exchange of experiences and information between officials in these fields between the two countries and national oil companies. The meeting was attended by Prince Faisal Ibn Turki Ibn Abdulaziz, Advisor at Ministry of Petroleum and Mineral Resources; Dr. Majed Al-Muneef, the Governor of the Kingdom to OPEC, and a number of senior officials of the Ministry. It was also attended by Venezuelan Ambassador to the Kingdom of Saudi Arabia and the delegation accompanying the Minister.
