DOHA, 9 June 2003 — The OPEC oil group will not switch dollar-denominated oil sales to the euro, despite the fall in the value of the US currency, OPEC’s President said yesterday. Abdullah Al-Attiyah, also oil minister for Qatar, said the dollar’s decline versus other leading currencies like the euro and the yen had hurt OPEC revenues and helped oil importing nations. “We are facing a very difficult situation with the dollar,” he told reporters in Qatar ahead of this week’s Organization of the Petroleum Exporting Countries meeting in Doha.
OPEC Rules Out Switch to Euro

