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.
Foreign ministers from South American and Arabian countries started a two-day meeting Wednesday in Argentina to promote multilateral ties.
Source: Xinhua
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