Saudi Arabia was a key player in coordinating the successful 1999 campaign of OPEC and other oil-producing countries to raise the oil price to its highest level since the (Persian) Gulf War by managing petroleum supply and production. That same year, Saudi Arabia established the Supreme Economic Council to formulate and better coordinate economic development policies to accelerate institutional and industrial reforms.
saudi arabia was a key player in coordinating the successful 1999 campaign of opec and other oil-producing countries to raise the oil price to its highest level since the (persian) gulf war by managing petroleum supply and production that same year saudi arabia established the supreme economic council to formulate and better coordinate economic development policies to accelerate institutional and industrial reforms