AUSTRALIA TO PARTICIPATE IN JEDDAH ENERGY MEETING

Sidney, Australia, June 17 (SPA) - Australia is planning to attend
an international meeting, which is being hosted by the Kingdom of
Saudi Arabia for oil producing and consuming countries under the
title "Jeddah Energy Meeting," scheduled for June 22 in the Saudi
port city.

Australian Prime Minister Kevin Ruud was quoted as re-affirming
today the importance of participating in this Forum to be held in the
Kingdom and in other similar forums.

He said that oil prices affect economies all over the world and that
the current oil crisis is the worst that we see in 30 years.

The Kingdom has called for a meeting involving the main
producing countries and oil-consuming countries to study the
conditions of the global market.