Middle East Economic Survey
VOL. XLVIII
No 44
31-October-2005
OIL PRICES
Norways Enoksen: Reasonably High Oil Prices Needed To Stimulate Non-OPEC Oil Supply
Norwegian Petroleum and Energy Minister Odd Roger Enoksen on 26 October said that reasonably high oil prices were necessary in order to stimulate non-OPEC production capacity expansion. Speaking at a UK-Norway oil and gas seminar in London, he observed that oil production outside OPEC had grown for several years at a rather slow pace, despite...
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