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To: bw who wrote (8619)1/17/1998 2:46:00 PM
From: HH  Respond to of 95453
 
Not according to his sources in Dubai

OPEC Calls 'Emergency Meeting'
To Discuss Oil Production Levels

January 17, 1998

DUBAI -- The Organization of Petroleum Exporting Countries has
set a preliminary Jan. 26 date for an emergency meeting of the
Ministerial Monitoring Committee, composed of the oil ministers of
Iran, Kuwait and Nigeria, a Kuwaiti oil source said Saturday.

Iranian officials wouldn't officially comment about a meeting or
oil prices' current level, but a source with close ties to the
Oil Ministry hinted that the minister might be planning a trip
to Vienna soon. Iranian Oil Minister Bijan Namdar Zanganeh chairs
the committee.

A spokesman for Nigeria's Oil Ministry said Friday that Nigerian
Oil Minister Dan Etete would attend an MMC meeting in Vienna
"by the end of the month." It remained unclear Saturday whether
the eight OPEC ministers not on the MMC would attend the Vienna
meeting.

An Iraqi oil official said Saturday that his country hasn't officially
been informed about an OPEC meeting this month. "OPEC hasn't
informed us via official channels," the official said, speaking on
condition of anonymity.

A spokesman at the Qatari oil minister's office said that, to his
knowledge, the minister hasn't received any sort of invitation to
a January OPEC meeting and that Energy and Industry Minister Abdullah
bin Hamad Al Attiyah has no immediate plans to go to Vienna.