GCC oil minister meet on Saturday

The secretary general of the Gulf Cooperation Council, Sheikh Jamil al-Hujeilan, said that oil ministers from the GCC states will on Saturday hold a meeting at the headquarters of the GCC in Riyadh, during which they will evaluate current and future conditions of the world oil market.

In a statement he released on Wednesday in Riyadh, al-Hujeilan added that preliminary studies have been prepared for the feasibility study of the project for the gas distribution and transport pipe network among the GCC member states and for the joint study conducted between the GCC and the European Union pertaining to developing trade between the two sides.