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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (51888)	9/26/1999 7:11:00 PM
From: oilbabe	Respond to of 95453

Minister confident of Opec consensus OPEC will reach a consensus regarding the issue of designating a new secretary general and this will not affect the unity of the 11-member organisation, Qatar's Minister of Energy, Industry, Electricity and Water HE Abdullah bin Hamad al-Attiyah said shortly after his return home yesterday from an Opec ministerial meeting in Vienna. "There is no problem among members regardless of who nominates whom for the general secretary's post and we will be consulting each other and will reach a consensus. This will not affect the unity of the organisation and there will be further consultations on this matter," al-Attiyah said on arrival at the Doha International Airport. While ministers from the 11-member oil producing countries agreed on the need for sticking to their production quotas the only unresolved issue at the regular ministerial meeting on Thursday was the appointment of a successor to replace current secretary general Rilwanu Lukman. Iran and Saudi Arabia have reportedly agreed on a deal to designate successive candidates for the next two three-year terms but it is unclear whether this will secure unanimous support from other members. Iraq has also fielded a candidate bringing the total number of nominees to three. Al-Attiyah who is also chairman of the Opec Ministerial Council said: "There has been an unanimous decision by Opec to extend oil production cuts for another six months and Qatar supports this agreement regardless of which levels oil prices will reach in future." The minister said he hoped oil prices will continue to maintain their upward trend. "The decision of Opec was very clear in this regard until March 2000. So we are not discussing any consequences," he said. He did not specify until when the current oil price rally will stay. Asked whether Opec has any plans to change its charter he said "there was no discussion about this matter and there is no intention to change the charter." Opec had on Thursday extended oil production cuts for another six months and urged greater adherence to the group's current quotas which have doubled oil prices since March.