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Oil minister calls talk of US energy independence "naive", saying country will need Middle East oil long into future.
Oil rich Gulf state seeks $109bn investment for solar energy, a move some say could revolutionise green power.
Saudi oil minister dismisses Iranian threat to block Strait of Hormuz in case of international oil embargo on Tehran.
Country's OPEC envoy threatens "consequences" if neighbouring states make up for oil shortfall caused by sanctions.
Ministers meet in Egyptian capital to discuss concerns regarding the rising price of crude oil.
Opec rejects calls by major powers to up output, saying high price beyond its control.
The Saudi oil minister has said he expects oil prices, just off record highs, to hold steady for years.
Saudi Arabian Oil Minister Ali al-Naimi has urged consumer countries to build more refineries amid warnings that OPEC could do little to stem high oil prices.
Top world oil exporter Saudi Arabia will work to keep spare supply capacity of at least 1.5 million barrels per day, but its ability to curb price rises is now limited, Saudi Oil Minister Ali al-Naimi said.

Saudi Arabia's multi-billion dollar gas contracts will probably be dead and buried to foreign companies by next week - barring a last-minute breakthrough, according to industry sources on Thursday.

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