OPEC ready to quench Asia’s thirst for oil, says Al Hameli

Abu Dhabi (WAM) – Energy Minister Mohammed bin Dhaen Al Hameli on Nov. 28 reiterated readiness of the members of Organisation of Petroleum Exporting Countries (OPEC) to increase their oil production output to meet the rising demand in Asia.

Al Hameli, who is the current President of the organisation, said that OPEC members from the GCC countries were also prepared to provide additional supplies.


“There is no need to be skeptic about this. We are prepared to raise production when asked, and as we always did,” he said in a speech delivered before the Middle East & Asia Energy Summit, currently held in Singapore under the theme “Asia’s growing oil thirst: Will the Middle East be able to quench it?”

Answering the question:’Asia’s growing oil thirst: will the Gulf be able to quench it ‘ in a keynote address at the Middle East and Asia Energy Summit held in Singapore under the title”‘Dialogue for investment and Security of supply for a sustainable energy future,”Al Hamili said: ‘There appears to be some doubt about the Gulf producer’s willingness to raise their production to Levels that will satisfy the growing demand from Asia.

Seoul Times