Identifier
Created
Classification
Origin
04ABUDHABI1465
2004-05-09 11:23:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
UAE OIL MINISTER calls for OPEC to take steps to
how-tonull Diana T Fritz 03/15/2007 02:23:19 PM From DB/Inbox: Search Results Cable Text: UNCLASSIFIED SIPDIS TELEGRAM May 09, 2004 To: No Action Addressee Action: Unknown From: AMEMBASSY ABU DHABI (ABU DHABI 1465 - UNKNOWN) TAGS: PREL, ECON, EINV, EPET Captions: None Subject: UAE OIL MINISTER CALLS FOR OPEC TO TAKE STEPS TO BRING DOWN PRICES Ref: None _________________________________________________________________ UNCLAS ABU DHABI 01465 SIPDIS CXABU: ACTION: ECON INFO: DCM POL P/M AMB Laser1: INFO: FCS DISSEMINATION: ECON CHARGE: PROG APPROVED: CDA: RALBRIGHT DRAFTED: ECON: CCRUMPLER CLEARED: ECON: OJOHN VZCZCADI787 OO RUEHC RUEHHH RUEHMS RUEHDI RUCPDOC RHEBAAA DE RUEHAD #1465 1301123 ZNR UUUUU ZZH O 091123Z MAY 04 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC IMMEDIATE 4252 INFO RUEHHH/OPEC COLLECTIVE IMMEDIATE RUEHMS/AMEMBASSY MUSCAT IMMEDIATE 0316 RUEHDI/AMCONSUL DUBAI IMMEDIATE 3991 RUCPDOC/USDOC WASHDC IMMEDIATE RHEBAAA/DEPT OF ENERGY WASHDC IMMEDIATE
UNCLAS ABU DHABI 001465
SIPDIS
SENSITIVE
DEPT FOR NEA, NEA/ARP, INR/EC, EB/IEP, EB/CBA
USDOE FOR INT'L AFFAIRS - COBURN AND CALIENDO
USDOE FOR OFFICE OF THE SECRETARY - RHONDA HUDOME
USDOC FOR 1000/OC/
USDOC FOR 4520/ITA/IEP/ONE
USDOC FOR 4530/ITA/MAC/ONE/DGUGLIELMI
45000/ITA/MAC/DAS/WILLIAMSON
3131/CS/OIO/ANESA
E.O. 12958: N/A
TAGS: PREL ECON EINV EPET TC
SUBJECT: UAE OIL MINISTER calls for OPEC to take steps to
bring down prices
UNCLAS ABU DHABI 001465
SIPDIS
SENSITIVE
DEPT FOR NEA, NEA/ARP, INR/EC, EB/IEP, EB/CBA
USDOE FOR INT'L AFFAIRS - COBURN AND CALIENDO
USDOE FOR OFFICE OF THE SECRETARY - RHONDA HUDOME
USDOC FOR 1000/OC/
USDOC FOR 4520/ITA/IEP/ONE
USDOC FOR 4530/ITA/MAC/ONE/DGUGLIELMI
45000/ITA/MAC/DAS/WILLIAMSON
3131/CS/OIO/ANESA
E.O. 12958: N/A
TAGS: PREL ECON EINV EPET TC
SUBJECT: UAE OIL MINISTER calls for OPEC to take steps to
bring down prices
1. (U) ON THE MARGINS OF AN ENVIRONMENT CONFERENCE IN ABU
DHABI ON MAY 8, UAE PETROLEUM MINISTER OBEID BIN SAIF AL-
NASIRI CALLED FOR OPEC TO "DO SOMETHING" ABOUT HIGH OIL
PRICES AND RAISE THE CARTEL'S OFFICIAL PRODUCTION QUOTA. HE
NOTED THAT OPEC MEMBERS ALREADY ARE OVERPRODUCING THE
CURRENT QUOTA BY 2 MILLION BARRELS PER DAY, BUT COULD DO
MORE TO LOWER PRICES.
2. (SBU) AL-NASIRI'S TECHNICAL CONSULTANT DR. IBRAHIM
ISMAEL PRIVATELY TOLD ECONOFF THAT THE UAE WOULD PUSH FOR
INCREASED OPEC PRODUCTION DURING THE CARTEL'S NEXT MEETING
ON JUNE 3 IN BEIRUT. HE NOTED, HOWEVER, THAT OTHER OPEC
MEMBER STATES (NFI) DESPERATELY NEED THE WINDFALL FROM
HIGHER OIL REVENUES AND WOULD OPPOSE A PRODUCTION INCREASE.
MOST OPEC MINISTERS SAY GROUP POLICY IS NOT TO BLAME FOR
HIGH OIL PRICES, BUT DR. ISMAEL BELIEVES THAT AN OFFICIAL
INCREASE IN THE PRODUCTION QUOTAS WOULD BE A SYMBOLIC MOVE
TO HELP CALM THE MARKETS.
ALBRIGHT
SIPDIS
SENSITIVE
DEPT FOR NEA, NEA/ARP, INR/EC, EB/IEP, EB/CBA
USDOE FOR INT'L AFFAIRS - COBURN AND CALIENDO
USDOE FOR OFFICE OF THE SECRETARY - RHONDA HUDOME
USDOC FOR 1000/OC/
USDOC FOR 4520/ITA/IEP/ONE
USDOC FOR 4530/ITA/MAC/ONE/DGUGLIELMI
45000/ITA/MAC/DAS/WILLIAMSON
3131/CS/OIO/ANESA
E.O. 12958: N/A
TAGS: PREL ECON EINV EPET TC
SUBJECT: UAE OIL MINISTER calls for OPEC to take steps to
bring down prices
1. (U) ON THE MARGINS OF AN ENVIRONMENT CONFERENCE IN ABU
DHABI ON MAY 8, UAE PETROLEUM MINISTER OBEID BIN SAIF AL-
NASIRI CALLED FOR OPEC TO "DO SOMETHING" ABOUT HIGH OIL
PRICES AND RAISE THE CARTEL'S OFFICIAL PRODUCTION QUOTA. HE
NOTED THAT OPEC MEMBERS ALREADY ARE OVERPRODUCING THE
CURRENT QUOTA BY 2 MILLION BARRELS PER DAY, BUT COULD DO
MORE TO LOWER PRICES.
2. (SBU) AL-NASIRI'S TECHNICAL CONSULTANT DR. IBRAHIM
ISMAEL PRIVATELY TOLD ECONOFF THAT THE UAE WOULD PUSH FOR
INCREASED OPEC PRODUCTION DURING THE CARTEL'S NEXT MEETING
ON JUNE 3 IN BEIRUT. HE NOTED, HOWEVER, THAT OTHER OPEC
MEMBER STATES (NFI) DESPERATELY NEED THE WINDFALL FROM
HIGHER OIL REVENUES AND WOULD OPPOSE A PRODUCTION INCREASE.
MOST OPEC MINISTERS SAY GROUP POLICY IS NOT TO BLAME FOR
HIGH OIL PRICES, BUT DR. ISMAEL BELIEVES THAT AN OFFICIAL
INCREASE IN THE PRODUCTION QUOTAS WOULD BE A SYMBOLIC MOVE
TO HELP CALM THE MARKETS.
ALBRIGHT