WASHINGTON- King Abdullah bin Abdulaziz today called U.S. President George W. Bush offering condolences to the victims of the disaster and the people of the United States from the government and people of the Kingdom of Saudi Arabia over the loss of life and destruction caused by Hurricane Katrina.

King Abdullah affirmed that Saudi Arabia stands with the United States as it faces this tragedy, and is ready to provide assistance to mitigate its effects and consequences.

On Monday, Minister of Petroleum and Mineral Resources Ali Al-Naimi stated that Saudi Arabia stands ready to immediately increase its crude oil production to 11 million barrels per day, and sustain that level to replace any market shortages resulting from the effects of Hurricane Katrina in order to stabilize world crude prices.