RIYADH- There is no "immediate solution" to high oil prices, Bruno Jean-Richard Itoua, president of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday. The oil-producing countries' capacity to increase crude supply is curtailed by a lack of investment in the industry, said Itoua, who is also Congo’s minister of hydrocarbons.

Itoua was addressing an energy conference in Riyadh.

(Reporting by Aziz El Yaakoubi Writing by Maher Chmaytelli Editing by David Goodman) ((Maher.Chmaytelli@thomsonreuters.com;))