Oil Embargo Will Destroy Gulf Economy: Kuwaiti Minister

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Last updated at: (Beijing Time) Monday, April 08, 2002

Oil Embargo Will Destroy Gulf Economy: Kuwaiti Minister

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Kuwaiti Minister of State for Foreign Affairs Sheikh Mohammad Sabah al-Salem al-Sabah on Sunday rejected the latest demands that Arab countries launch an oil embargo on countries that support Israel, Kuwait's official KUNA news agency reported.

Describing such calls as "dubious," Sheikh Mohammad said that an oil embargo is "a destruction to the economies of the Arab Gulf states, which are the main supporters for the Palestinian perseverance."

"Calls to destroy Arab Gulf economies in the name of liberating Palestinian people are dubious and we have witnessed what has happened to us in the past years," he added.

Earlier this month, Iraq's ruling Baath party called on Arab countries to use their oil power against Israel and the United States to ensure Israeli withdrawal from the Palestinian lands.

Kuwait, a close ally of the United States, has repeatedly opposed to using oil as weapons to press the United States and Israel.

The oil-rich Gulf state has almost 10 percent of the world's proven oil reserves and has a production quota of 1.861 million barrels per day in the Organization of Petroleum Exporting Countries.

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