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To: Mark Kubisz who wrote (29354)	3/3/1999 9:46:00 PM
From: goldsnow	Respond to of 116906

While the cancellations mean the Middle East will lose a key sales outlet for diesel, it will most likely gain a major outlet for crude oil. India's oil production is static, meaning that the crude needed to feed the new refinery capacity will have to be imported. And the Middle East, which already provides most of India's crude imports, is likely to gain the lion's share of the increased demand. This should at least benefit Kuwait and the UAE -- both members of the Organisation of Petroleum Exporting Countries (OPEC) and major crude producers. go.com