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Opec may cut expansion plans
- Wednesday, January 10 - 2007 at 06:22
Opec members could cancel plans to expand production capacity if crude prices continue to fall, Kuwait's oil minister Ali Jarrah al-Sabah told Bloomberg. An estimated $100bn worth of projects are planned by member countries to help meet increased demand. The group might call a special meeting to discuss recent price falls, said Venezuelan Energy and Oil Minister Rafael Ramirez.
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James McInerney, News EditorWednesday, January 10 - 2007 at 06:22 UAE local time (GMT+4)
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This article was updated on Fri Jan 12 2007.
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