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| Identifier: | 03ABUDHABI889 |
|---|---|
| Wikileaks: | View 03ABUDHABI889 at Wikileaks.org |
| Origin: | Embassy Abu Dhabi |
| Created: | 2003-02-24 05:56:00 |
| Classification: | UNCLASSIFIED//FOR OFFICIAL USE ONLY |
| Tags: | EPET ECON ENRG TC |
| Redacted: | This cable was not redacted by Wikileaks. |
null
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 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
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