World Oil prices to remain high: UAE oil minister

Abu Dhabi, Jan.29th,2006 (WAM) -- The UAE expects the world oil prices to remain high driven by vibrant growth in global economy and projected increasing demand of 1.5 million barrels per day (mbpd) in 2006.UAE Minister of Energy Mohammed bin Dhaen Al Hamili said the Organisation of Petroleum Exporting Countries (OPEC) would take in its next meeting in Vienna the right decision on the output ceiling in the second quarter of the year in light of the current oil prices on world markets.

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