Qatar urges raises in oil prices

Qatar announced on Monday that it supports any attempt to raise the deteriorated oil prices.

Qatari Minister of Industry and Energy Abdullah Bin Hamad al-Atiyah was quoted by the AFP as saying, following the inauguration of new oil firms in al-Chahin sea oil field, that Qatar has limited itself to its share approved by OPEC decided in the ordinary meeting of last June.

On Qatar's position concerning the Algerian call to convene a summit of OPEC's member states to deal with the recession in oil prices, he noted that Qatar welcomes any urgent meeting that will be conducive positive results that support the oil market.

He stated that there are current consultations ot convene an urgent meeting for the oil ministers of OPEC member states in March, 1999.

He said his country's production capacity of oil will increase from 700,000 barrels per day at the present to 800,000 in the year 2,000.