Qatar Oil Min Says Sticking To Its OPEC Output Allocation

Sunday, Dec 25, 2011

(This story was originally published Saturday.)

CAIRO (Zawya Dow Jones)--Qatar's Oil Minister Mohammed Saleh al-Sada said Saturday that the country is "sticking" to the output allocated to it by the Organisation of Petroleum Exporting Countries, or OPEC.

"We are sticking to our quota so we are around 730,000 barrels per day," the Qatari oil minister told reporters.

Arab oil ministers are in Cairo for a meeting of the Organization of Arab Petroleum Exporting Countries, or OAPEC, set for Saturday. Seven of the members of OAPEC are also members of OPEC. They are Algeria, Iraq, Kuwait, Libya, Qatar, Saudi Arabia and the United Arab Emirates.

-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

25-12-11 0353GMT