Saudi Arabia urges rich countries not to use oil as weapon

Saudi Arabia’s foreign minister and president of the Arab Summit Thursday urged wealthy countries not to use the rising oil prices as a weapon to obtain an advantage over poorer countries.

“Oil is an important and strategic resource for the world economy. It must not be used as a weapon,” Prince Saud al-Faisal told the South American and Arab Countries’ foreign ministers meeting here.


Al-Faisal warned that “playing with this resource” will cause “the developing countries to become victims, as the wealthy countries can always find their ways to obtain supplies.”

“Oil is not a weapon, it is a strategic resource we are well concerned about,” said al-Faisal.

People’s Daily Online