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The Saudi king has pledged one billion to poor countries

June 23 2008

Saudi Arabia's King Abdullah said the country from July to increase oil production by 200 thousand barrels per day.

Speaking in the Saudi capital Jeddah, the participants of the emergency energy summit, Abdullah stressed that the rise in global fuel prices is associated primarily with market speculation and taxes. He also pledged $ 1 billion to help poor countries in the energy, transmits radio "liberty".

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