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 volume 7, issue #21 - Wednesday, October 30, 2002

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OPEC ready to make up for any oil shortfall in case of US attack

14-10-02 OPEC will guarantee adequate oil supplies in case of US military strikes on Iraq, the cartel's president, Rilwanu Lukman of Nigeria, said.
"I hope there will be no war against Iraq, but in the event of a cut in world crude supplies, we will be ready to pump more oil because we have adequate means to do so," he said.
"We do not need to draw up an emergency plan since we have the means to supply the market and war will have no impact on our means," Lukman told.

OPEC officials are to hold informal consultations on the sidelines of a gas technology conference.

Source: AFX



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