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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release January 10, 2001

STATEMENT BY THE PRESS SECRETARY

President Clinton today asked Energy Secretary Bill Richardson to continue his diplomatic efforts with major oil producing and consuming countries to increase world stocks, reduce market volatility and improve the market situation. Secretary Richardson will leave Thursday to meet with representatives from the International Energy Agency member states and Ministers from Saudi Arabia, Algeria, Kuwait, UAE, Qatar and Venezuela.

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