Middle East Economic Survey
Algerias Chakib Khelil Briefs The Press Ahead Of 1 February OPEC Meeting
OPEC president and Algerian Oil Minister Chakib Khelil gave a press briefing to selected journalists on the eve of OPECs 1 February meeting in Vienna. While outlining his concerns for the global economy in 2008, he argued against a production increase, but also ruled out an output cut. Edited highlights follow:
Q. Can OPEC do anything to avoid a recession?