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Page added on July 30, 2008

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OPEC President Says Not to Raise Oil Output

The Organization of Petroleum Exporting Countries (OPEC) President Chakib Khelil said Tuesday the oil cartel will not increase its oil output even in the next winter.


Speaking to the press after presenting his paper before Indonesian energy stakeholders, he said OPEC is currently having an overproduction.
“We are still waiting for what the next winter will be like. But we feel it is unnecessary to increase supplies,” Antara news agency quoted Khelil as saying.


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