Fahmi: Egypt supports OPEC's descions

Egypt's Minister of Petroleum Sameh Fahmi stressed the need for implementing plans for increasing production through developing reserves of oil-rich countries.

This came in Fahmi's speech before the Organization of Petroleum Exporting Countries (OPEC) conference.

"Egypt supports all decisions taken by the organization," Fahmi said, highlighting the necessity of increasing the number of oil refineries in order to increase production.

Kuwaiti Minister of Oil Ahmed Al-Fahd Al-Sabah who doubles as head of OPEC said OPEC's Oil ministers are about to take a decision to keep oil production ceiling at 28 million barrels a day together with pumping extra 2 million barrels a day if necessary.