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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (43946)5/5/1999 7:27:00 AM
From: Think4Yourself  Read Replies (3) of 95453
 
According to Bloomberg Qatar is cheating (again).

Meanwhile, Qatar, a frequent quota-buster, made only one-
fifth of its promised cutback in April. Output had jumped to some
700,000 barrels daily in March in an apparent pre-cutback binge,
then fell off only by 20,000 barrels daily in April.

Qatar's oil ministry dismissed the claim that the Gulf state
had violated OPEC's agreement.
''Qatar has adhered very strictly to previous cuts, and
there is no reason why we would change now,'' said Ramsey Salman,
an adviser to Qatar's oil minister Abdullah bin Hamad al-Attiyah.
''People should look at adherence to cuts over a period of time,
let's say three months, not over a few weeks,'' he said.

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