10Feb2004 Al-Naimi says OPEC may decide to reduce production ceiling

Algiers, 10th February 2004

The Saudi Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi said that he does not rule out taking a decision to reduce the production ceiling of the Organization of Petroleum Exporting Countries (OPEC) during today’s extraordinary meeting of OPEC Oil Ministers.

In a statement to the Algerian News Agency, Al-Naimi said that the ministerial conference will reduce the production ceiling should it be deemed necessary.

Source: SPA

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