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Saudi Orders Halt to Oil Exploration in the Nation

Source: Bloomberg 7/3/2010, Location: Middle East

Saudi Arabia has stopped exploring for oil to protect the interests of future generations, the Saudi News Agency reported, citing King Abdullah Bin Abdul Aziz.

The monarch told Saudi scholars studying in Washington that he had ordered that all prospecting for oil to cease “in order to keep the earth’s wealth for our sons and grandsons”, the Riyadh-based agency said.

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