Somalian piracy could spread further unless an onshore solution is found, the secretary general of the Organization of Petroleum Exporting Countries said in an interview published Tuesday.
Somalian piracy could spread further unless an onshore solution is
found, the secretary general of the Organization of Petroleum Exporting
Countries said in an interview published Tuesday.
Abdalla Salem el-Badri said in an interview with shipping daily Lloyd's List
that Somalian piracy would evolve into "a moveable industry,"
threatening shipping beyond its waters in the absence of "a solution not
only offshore but also onshore."
However, in OPEC's first official comments on piracy, el-Badri rejected the use
of armed guards on tankers as potentially "very dangerous."
Asked if he stood by his view that about 1 million barrels a day in Libyan
output would come back on-stream within six months, El-Badri said he is
"more confident of
Libya
production."
On oil demand, the OPEC secretary general acknowledged economic stagnation in
Europe
and
the
U.S.
were
"a real concern" to OPEC. But he added that strong Chinese demand
meant "we should not panic" and release sharp downgrades on growth
estimates just yet.
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