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Tuesday, February 27, 2007

Pakistan Islamic meeting discussed oil cooperation toonote

Foreign ministers of seven Islamic countries held a one-day meeting in Islamabad on 25/2/07. The countries included Egypt, Indonesia, Jordan, Malaysia, Pakistan, Saudi Arabia and Turkey. Secretary-General of the Organization of the Islamic Conference Ekmeleddin Ihsanoglu also attended.

The meeting discussed the crises in the Middle East, including in particular the Iranian nuclear issue amid mounting speculation about a possible US attack against Iran.

At the end of the meeting, the ministers issued a statement calling to ease not to aggravate tension in the Gulf region. “All countries must work towards that objective", said the statement.

However, the ministers did not discuss crises only. They also discussed cooperation between their countries on gas and oil issues.

A source close to the Saudi Foreign Ministry says they raised the subject of setting up an OPEC-style Islamic oil and gas group, with Saudi Arabia, Malaysia and the UAE playing a major role in it.

According to this source, some foreign ministers proposed the oil ministers in the same countries to hold a similar meeting some time later.

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