OPEC
advisory group backs unchanged production
AFP
VIENNA
Petroleumworld.com 01 31 06
OPEC should leave its production ceiling unchanged for now, an
influential advisory group recommended Monday on the eve of a
meeting in Vienna by the powerful cartel.
The Organisation of the Petroleum Exporting Countries often, but
not always, follows the advice of the ministerial monitoring sub-committee,
comprising OPEC members Iran, Nigeria and Kuwait as well as the
group's secretary general.
The recommendation is "no change," said Nawal Al-Fuzaia,
a senior member of the Kuwaiti delegation. Kuwaiti Energy Minister
Sheikh Ahmad Fahd al-Sabah did not attend the closed-door session
because he chose not to come to Vienna.
Nigerian presidential advisor Edmund Daukoru, who is currently
OPEC president, and Iran's Oil Minister Kazem Vaziri-Hamaneh did
take part in the committee meeting but did not reveal any details
about the discussions afterwards.
A majority of the 11-nation cartel supports keeping the status
quo at Tuesday's meeting, amid rising oil prices, which have been
fuelled by political fears in major producers Iran and Nigeria.
AFP
01/30/06
Copyright
© 2006 AFP. All rights reserved
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