1. As such, it represents the largest single addition to American oil refining capacity in two decades. 2. Kuwait is negotiating with five foreign oil companies to help expand its oil production capacity, the minister said. 3. Kuwait certainly needs sustainable oil production capacity if it is to stay at the top table of OPEC decision-making. 4. Rising oil production capacity among many OPEC members could prove irresistible to cash-strapped producers, Brown said. 5. Second, Saudi Arabia has the ability to use its oil production capacities to reduce the effect of short-term spikes in the oil market. 6. But Naimi could have some allies among the Gulf states with excess oil production capacity, Kuwait and the United Arab Emirates. 7. Debt and reparation payments will bite into the income Iraq earns from its reduced oil capacity, he said. 8. He pointed out that Kuwait has plans to increase oil production capacity, modernize its refineries and build a major petrochemical complex. 9. He said Iraq needed spare parts and chemicals to increase its oil capacity but that these had not been approved by the United Nations. 10. U.N. Secretary-General Kofi Annan will send a mission to Iraq to assess what the country needs to boost its oil export capacity, diplomats in Baghdad said Tuesday. |