Amadeusz Juskowiak

Gulf arab oil meeting ends

Deputy oil ministers of the sixnation Gulf Cooperation Council GCC ended a meeting here after discussing coordination and cooperation in the oil field the Bahrainbased Gulf News Agency GNA said

The deputy ministers who declined to talk to reporters on the outcome of the 90 minute formal session later concluded a round of informal talks

The GCC groups four OPEC members Saudi Arabia Kuwait Qatar and the United Arab Emirates and nonOPEC nations Bahrain and Oman

Before the formal session had begun chairman Yousef Shirawi Bahrains Development and Industry Minister told reporters the gathering was a followup to talks held last Sunday in Qatar at full ministerial level

GNA gave no details on the outcome of todays talks

It said only The deputy ministers discussed current developments in the oil market particularly those relating to production and prices

The meeting in Qatar had reaffirmed the six Gulf Arab countries commitment to OPECs pricing and production accord forged in December last year

It also discussed ways of marketing crude oil on behalf of those GCC states encountering resistance to official OPEC prices

Oil industry sources have said Qatar has faced particular difficulty in selling its full quota of production

Reuter