9/14/10

Secretary General of OPEC does not rule out the decision to change quotas on oil production until the end of the year

Countries - OPEC members have until the end of the year to decide to change the quota of oil production. This possibility does not exclude the OPEC Secretary General Abdalla Salem al-Badri, as he said in Vienna at a press conference on the 50 th anniversary of the organization.

"Currently, oil market is quite enough - he said. - We closely monitor the situation, the market behavior and the trends that can occur before the end of the year. Everything will depend on the circumstances. If demand increases, we will increase production of oil, if reduced, then we decrease its prey. By the end of the year, we still have two meetings - one month later, another in December. In the meantime, the Secretariat remains in close contact with ministers and furnishes them with operational information. "

OPEC Secretary-General also found that almost half of the countries - OPEC members do not adhere to individual quotas and caught more than the allocated limits, ITAR-TASS.

In an interview published on Tuesday Handelsblatt newspaper al-Badri also expressed the view that demand for oil, the price of which is now a "normal" in the world in the next 12 months will grow.

"The current level of prices in the area of $ 80 per barrel is normal" - quoted by al-Badri said. According to him, in the next year we should expect oil demand growth - a move back over "thanks to a new global economic recovery, particularly intense in Asia

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