SHAFAQNA (Shia International News Association) – According to regional and other international news agency reports, Mohammad Al-Rumhy, Oman’s Oil Minister sharply criticised OPEC’s production policy on Wednesday (21 Jan.). He said OPEC’s current policy was creating volatility in the market without benefiting oil producers and that his country was suffering.
In an energy conference in Kuwait, he said: “I fail to understand how market share can be more important than revenue.” This is the most direct criticism of those OPEC’s members insisting on current production levels. “The current situation is bad for us in Oman. This is a really difficult time. This is bad politics,” Rumhy said.