Saudi Oil Minister Ali Naimi is keeping to his word as the kingdom continues to invest in its energy industry, forcing rival 'high-cost'producers to reduce output as oil prices plummet.

Speaking in Istanbul on 2 October at a G20 meeting, Mr Naimi told energy ministers that the Opec kingpin would be pressing on with its investments in all phases of the oil and gas sector, despite the plunge in oil prices (MEES, 9 October). (CONTINUED - 357 WORDS)