Source:
Arab News RIYADH, 17 May 2008 — Saudi Arabia rejected any notion of increasing oil production to help ease soaring gasoline prices, telling US President George W. Bush during his visit to the Kingdom yesterday that it is already meeting customer demands for crude.
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Prince Saud described King Abdullah’s talks with Bush as “comprehensive, deep and candid.” He said the Kingdom had followed “with concern” Bush’s speech in the Israeli Knesset. “All of us realize the special relationship that exists between the United States and Israel and its political dimensions. However, it is also important to confirm legitimate historical and political rights of the Palestinian people according to international law which have been hijacked by Israeli occupation forces.”
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On the demand for more oil, Al-Naimi said: “If there is a customer that needs additional crude please come and ask for it. Over the last few months, when supplies from Venezuela and Mexico were reduced to the US, who supplied the difference? We supplied to the tune of 300,000 additional barrels per day ... to our customers in the US... So how much more can we do?”
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The Kingdom and the US signed a technical cooperation agreement for the protection of institutions and infrastructure, and another agreement in which the US would help the Kingdom develop nuclear energy, Prince Saud added. The foreign minister also ruled out any possibility that American troops would secure the Kingdom’s oil institutions. “The agreement signed is in the line of training and exchange of expertise. No other party will be involved in securing (the Kingdom’s) oil institutions... only Saudis.” Asked whether the Kingdom’s nuclear agreement with the US was a message to Iran, Prince Saud said: “It’s a message to everybody that Saudi Arabia is going to produce a civilian nuclear program.”
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“comprehensive, deep and candid.”
He took Bush to the woodshed. Arab News would publish the official Saudi position on the talks. Note the linkage of oil and Israel.