He said Saudi Arabia support OPEC as the most important and active international oil organization. Saudi Arabia is also an active and effective member of a number of international oil and energy organizations, e.g. OAPEC, International Energy Forum and international talks about environment issues, climate change. He said Saudi Arabia successfully foiled a number of recommendation to lessen the role of fossil energy, including petroleum. Despite our important role in the world market and transparency of our objectives, the market fluctuations emerge tough against the Kingdom sometimes, he said, citing the 1998/1999 crisis necessitating rebalancing demand and supply and requiring cooperation of key producers outside OPEC. --More 00:20 LOCAL TIME 21:20 GMT www.spa.gov.sa/w
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