VOL. XLVI

No 19

12-May-2003

OPEC

Oil Supply Risks Lessened By Producer-Consumer Dialogue, Says Hiranuma

Oil supply risks have become more diverse in the last 30 years, but the recent war in Iraq showed the value of producer-consumer dialogue in preparation for supply emergencies, according to Takeo Hiranuma, Japans Minister of Economy, Trade and Industry (METI). In a speech at the 2003 IEA Ministerial Meeting in Paris 28 -29 April (MEES, 5 May), Mr Hiranuma said that while IEA was fully prepared...