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November 2, 2003 Sunday Ramazan 6, 1424


GCC discusses oil project today


RIYADH, Nov 1: Oil ministers from the six-nation Gulf Cooperation Council (GCC) will meet in Doha on Sunday to discuss industry developments and joint projects, Saudi state media said.

A joint project to export of some the region’s crude in a pipeline through Oman to a terminal on the Arabian Sea will be studied, the Saudi official news agency SPA said on Friday.

“The ministers will discuss a number of issues relating to the oil sector, including the study of the joint oil pipeline project, to allow countries of the council to export part of their crude oil from the Arabian Sea through Oman,” Abdul Rahman al-Attiya, GCC secretary, said in a statement carried by SPA.

The ministers from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates will also discuss “international developments,” affecting the oil industry, SPA reported.

The Doha meeting will be chaired by Qatar’s Oil Minister Abdullah bin Hamad Al-Attiyah, who is also president of the Organization of Petroleum Exporting Counties (Opec).—AFP



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