Gulf oil ministers to meet on Saturday in Muscat

Oil ministers in the Gulf Cooperation Council (GCC) will discuss during their meeting next Saturday in Muscat the current and future conditions of the world oil markets and results of the 8th international forum on energy between the oil producing and consuming states.

The GCC secretary general Abdul Rahman Bin Hamad al-Ateyah said in a statement issued yesterday in Riyadh that the meeting will discuss the draft of the oil strategy in its amended form for adoption, in addition to the recommendations of the technical committee specialized in refining of oil and international market of crude oil and the refined oil by products.

The statement said that the meeting will discuss GCC members states relations with international economic groups and the oil producing and consuming major states, as well as the intermingled relations between energy, the environment and development and developments concerning the meeting of the UN agreement to change the climate and the Kyoto Protocol.