EGYPT: ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) HOLDS ANNUAL END OF YEAR MEETING IN CAIRO/ ANTI-WAR ACTIVISTS PROTEST OUTSIDE QATARI EMBASSY

Record ID: 643519

  • Title: EGYPT: ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) HOLDS ANNUAL END OF YEAR MEETING IN CAIRO/ ANTI-WAR ACTIVISTS PROTEST OUTSIDE QATARI EMBASSY
  • Date: 21st December 2002
  • Summary: (W5) CAIRO, EGYPT (DECEMBER 21, 2002) (REUTERS - ACCESS ALL) 1. WS: EXTERIOR BUILDING OF SEMIRAMIS HOTEL 0.05 2. SV: PETROLEUM MINISTERS ENTERING THE MEETING HALL 0.14 3. GENERAL VIEW OF THE MEETING 0.19 4. CLOSE-UP OF SAUDI OIL MINISTER ALI NAIMI 0.23 5. WIDE OF MEETING 0.31 6. SV: ALGERIAN ENERGY MINISTER 0.35 7. SV: SAUDI MINISTER OIL MINISTER ALI NAIMI 0.39 8. SCU: SOUNDBITE (Arabic) LIBYAN MINISTER OF PETROL, SAYING: "There is great co-operation between Egypt and us in exchanging petrol and gas, as there is a company that was set up nearly a year ago that works on marketing the petrol and gas between us." 0.57 9. CLOSE-UP IRAQI FLAG, PULL OUT TO IRAQI MINISTER OF OIL 1.05 9. GENERAL VIEW OF THE MEETING 1.11 10. SCU: ALI NAIMI, SAUDI MINISTER OF OIL, ANSWERING QUESTIONS FROM MEDIA 1.31 11. SLV: HUNDREDS OF PEOPLE IN A DEMONSTRATION IN FRONT OF THE QATARI EMBASSY/ SECURITY FORCES / PROTESTERS HOLDING HUGE BANNERS (2 SHOTS) 1.49 12. WS: SECURITY FORCES AROUND THE DEMONSTRATORS 1.56 13. SCU: SOUNDBITE (English) GEORGE GALLAWAY, BRITISH PARLIAMENTARIAN, SAYING: "The Arab and Muslim world is watching the build-up to the destruction, the invasion, the occupation and the theft of an Arab country -- a rich Arab country of great importance indeed sacredness in the Arab heart. When Amr Moussa said 'The gates of hell will be open if you go ahead with this invasion of Iraq,' he was right this is the foretaste of all the gates will look like." 2.26 14. MV: DEMONSTRATORS OUTSIDE EMBASSY 2.30 15. SCU: LADY SHOUTING IN ARABIC SAYING: "Shame! Shame! You've sold your country for a couple of dollars. Who gives up his country tomorrow will be his turn." 2.45 16. ZOOM OUT: MORE OF DEMONSTRATION OUTSIDE QATARI EMBASSY 2.56 17. PULL OUT: GEORGE GALLAWAY, BRITISH PARLIAMENTARIAN, CHANTING WITH CROWD "No bombs on Baghdad." (Crowd repeats) "Are you listen Tony Blair?" (Crowd repeats) 3.27 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 5th January 2003 12:00
  • Keywords:
  • Location: CAIRO, EGYPT
  • Country: Egypt
  • Reuters ID: LVA4PC1102R75K7DRQPVWITR9ZH9
  • Story Text: The Organization of Arab Petroleum Exporting Countries
    (OAPEC) has held its annual end of year meeting in Cairo.

    Outside the Qatari embassy, anti-war activists demonstrated
    against a possible war in Iraq.



    Saudi oil minister Ali Naimi said on Saturday (December
    21) the Organisation Of Petroleum Exporting Countries (OPEC)
    would raise its output if oil process remained above the
    organisation's 28 U.S. Dollars-per-barrel price target for 20
    days.

    The Saudi minister was responding to questions on whether
    OPEC and oil kingpin Saudi Arabia would raise output in
    January to conform with the latest output.

    The Organisation Of Petroleum Exporting Countries has an
    informal understanding to lift output by half a million
    barrels per day if the price of its reference basket exceeds
    28 U.S. Dollars for 20 days.

    A potent mixture of the oil stoppage in Venezuela and
    fears of war in fellow OPEC member Iraq have seen oil prices
    soar.

    OPEC's basket price stood at 29.56 U.S. Dollars on
    Thursday (December 19) while NYMEX crude for February delivery
    settled on Friday (December 20) at 30.30 U.S. dollars a
    barrel, gaining 11 cents on the day. The contract is up almost
    2 U.S. dollars from a week ago.

    The strike in Venezuela has almost completely halted
    supplies from the world's fifth-largest exporter just as
    Washington gears up for a possible war on Iraq.

    OPEC set a new output target of 23 miliion barrels per day
    and has agreed to remove up to 1.7 million barrels per day
    from world markets next month.

    The Saudi minister said current market volatility was not
    due to supply shortage but did not elaborate.

    Several OPEC ministers have said prices, which are already
    above OPEC's target, were rising on fears and speculation
    rather than real shortages.

    Elsewhere in the city, anti-war activists demonstrated
    against the possible war on Iraq.

    About 700 demonstrators, including British Parliamentarian
    George Gallaway, gathered in front of the Qatari Embassy.

    "The Arab and Muslim world is watching the build-up to the
    destruction, the invasion, the occupation and the theft of an
    Arab country -- a rich Arab country of great importance indeed
    sacredness in the Arab heart. When Amr Moussa said 'The gates
    of hell will be open if you go ahead with this invasion of
    Iraq,' he was right this is the foretaste of (what) all the
    gates will look like," Gallaway said, surrounded by
    demonstrators shouting in anger.




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