‘Qatar building real economy, not to take advantage of Dubai’s crisis’

Qatar’s Deputy Premier and Minister of Energy and Industry HE Abdullah bin Hamad al-Attiyah (pictured) yesterday said Qatar would not work to take advantage of Dubai’s debt crisis.
“In Qatar, we never take advantage of anyone. We are building a real economy,” based on natural gas, petrochemicals and oil, he said. “We are having a very concrete strategy,” al-Attiyah said on arrival in Cairo for a conference of the Organisation of Arab Oil Exporting Countries.
HE said Dubai’s crisis would not impact oil prices, which last year had overcome an international financial meltdown. “It had an affect for two days as a psychological factor but then (oil prices) recovered,” al-Attiyah said.

Members of the Organisation of Petroleum Exporting Countries shouldn’t change output when they meet this month, he said.

“There are a lot of things to do in Angola, I think the market is very stable and the demand is very efficient, I don’t think there will be any change for the time being,” al-Attiyah said.