Saudi Arabia - Iran hold oil talks
Saudi Arabia-Iran, Economics, 11/10/1998

Saudi Minister of oil Ibrahim al-Nueimi discussed in a short visit he held to Teheran on Sunday late night with his Iranian counterpart Bejin Zankah oil market conditions, means of improving oil prices and coordination between the two sides for the forthcoming meeting of OPEC ministers.

Al-Nueimi's visit to Teheran falls in the course of earlier talks held three-days ago in Riyadh between the foreign ministers of Iran and Saudi Arabia.

It was agreed, then that the Saudi oil minister would visit Teheran to hold talks with his Iranian counterpart on oil market conditions and co-ordination between the two sides to adopt a united stand during OPEC's forthcoming meeting.

Previous Stories:
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  Despite depression of oil prices, Saudi economic outlook good   (9/29/1998)
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