Identifier
Created
Classification
Origin
03ABUDHABI889
2003-02-24 05:56:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
UAE REITERATES A COMMITMENT TO MAINTAINING OIL
how-tonull Diana T Fritz 06/05/2007 10:24:52 AM From DB/Inbox: Search Results Cable Text: UNCLASSIFIED SIPDIS TELEGRAM February 24, 2003 To: No Action Addressee Action: Unknown From: AMEMBASSY ABU DHABI (ABU DHABI 889 - ROUTINE) TAGS: EPET, ECON, ENRG Captions: None Subject: UAE REITERATES A COMMITMENT TO MAINTAINING OIL SUPPLIES Ref: None _________________________________________________________________ UNCLAS ABU DHABI 00889 SIPDIS Laser1: INFO: FCS CXABU: ACTION: ECON INFO: AMB POL P/M DCM DISSEMINATION: ECON CHARGE: PROG APPROVED: DCM: RMALBRIGHT DRAFTED: ECON:GARANA CLEARED: ECON: TEWILLIAMS VZCZCADI279 RR RUEHC RHEBAAA RUCPDOC RUEATRS RUEHHH DE RUEHAD #0889 0550556 ZNR UUUUU ZZH R 240556Z FEB 03 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC 8503 INFO RHEBAAA/USDOE WASHDC RUCPDOC/USDOC WASHDC RUEATRS/DEPT OF TREASURY WASHINGTON DC RUEHHH/OPEC COLLECTIVE
UNCLAS ABU DHABI 000889
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS COBURN AND CALLIENDO
E.O. 12958: N/A
TAGS: EPET ECON ENRG TC
SUBJECT: UAE REITERATES A COMMITMENT TO MAINTAINING OIL
SUPPLIES
UNCLAS ABU DHABI 000889
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS COBURN AND CALLIENDO
E.O. 12958: N/A
TAGS: EPET ECON ENRG TC
SUBJECT: UAE REITERATES A COMMITMENT TO MAINTAINING OIL
SUPPLIES
1. (U) UAE Oil Minister Obaid bin Saif al-Nasseri publicly
declared on 2/22, following a meeting with Russian Oil
Minister Igor Yusufov, that OPEC is prepared to act
decisively to ensure no disruption of oil supplies to world
markets. In remarks widely covered by the local and
international press, Al-Nasseri told reporters, "If
something drastic happens, then we have to take necessary
action. The producers will carry out their responsibility."
2. (SBU) Comment: Al-Nasseri's statements reflect a
continuing effort by the UAE to reduce anxiety in the oil
market. The UAE is well aware that the current high prices
are not in their long-term interest, since they can serve
only to bring additional non-OPEC supply into the market,
thereby further eroding OPEC market share. It thus appears
not accidental that Al-Nasseri's remarks came after a
meeting with Yusufov. End comment.
Wahba
SIPDIS
SENSITIVE
DEPT FOR NEA/ARP, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS COBURN AND CALLIENDO
E.O. 12958: N/A
TAGS: EPET ECON ENRG TC
SUBJECT: UAE REITERATES A COMMITMENT TO MAINTAINING OIL
SUPPLIES
1. (U) UAE Oil Minister Obaid bin Saif al-Nasseri publicly
declared on 2/22, following a meeting with Russian Oil
Minister Igor Yusufov, that OPEC is prepared to act
decisively to ensure no disruption of oil supplies to world
markets. In remarks widely covered by the local and
international press, Al-Nasseri told reporters, "If
something drastic happens, then we have to take necessary
action. The producers will carry out their responsibility."
2. (SBU) Comment: Al-Nasseri's statements reflect a
continuing effort by the UAE to reduce anxiety in the oil
market. The UAE is well aware that the current high prices
are not in their long-term interest, since they can serve
only to bring additional non-OPEC supply into the market,
thereby further eroding OPEC market share. It thus appears
not accidental that Al-Nasseri's remarks came after a
meeting with Yusufov. End comment.
Wahba