OPEC (Organisation of Petroleum Exporting Countries) chairman Mana Said Al-Oteiba has warned that without a just solution to the Palestinian question, his organisation could not guarantee the supply of oil.
OPEC (Organisation of Petroleum Exporting Countries) chairman Mana Said Al-Oteiba has warned that without a just solution to the Palestinian question, his organisation could not guarantee the supply of oil. Dr Oteiba, who is also the United Arab Emirates's Petroleum Minister, made his remarks during an interview at the offices of the Palestinian Liberation Organisation (PLO) in Tokyo on Thursday (18 October). Dr Oteiba arrived in Japan last Tuesday (16 October) for a four-day official visit.
SYNOPSIS: At the Prime Minister's residence, Dr. Oteiba met with Japan's Premier Masayoshi Ohira to discuss the question of oil supplies. Japan is the world's second largest oil consumer after the United Stats and dependent on OPEC oil. Dr Oteiba later linked Japan's recognition of the PLO with guarantees for the supply of oil. He said that one stability in the Middle East was achieved with the solution of the Palestinian question, OPEC could guarantee the oil flow.
Dr Oteiba also called on Japan and other oil consuming countries to try to conserve oil and develop alternative energy sources. In a separate meeting with Japanese Foreign Minister Sunao Sonoda, Dr Oteiba agreed to a Japanese proposal for talks at cabinet level with his country and five other Gulf nations. Dr Oteiba told Mr Sonoda the Gulf nations were preparing for similar talks ?? European Economic community (EEC).
Dr. Oteiba avoided predictions on OPEC's next price-setting meeting in Caracas next December. He only conceded that OPEC would raise prices gradually according to the economic performance of the industrialised west.