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Former Saudi deputy finance minister, who now acts as Saudi Consultant, has been recently quoted saying:
- 'the only solution is to pronounce the current OPEC dead, and form a new organization (new-OPEC?) under Saudi leadership' - translation: he thinks that stronger group (new-OPEC?) would be capable of controlling prices and defending producer states interests
- 'founders of the new group (new-OPEC?) should call on all producers to limit their production, or alternatively instigate an oil glut that would bring prices down to US$6.- a bbl' - translation: force all N. Atlantic Basin producers to shut in production due to the much higher costs
- 'the real flaw in the market is in the transformation of leadership from producer countries to the industrial consumer states' - translation: he is fed up that consumer countries control prices of oil.

Anyway, that's what he said. His name is Abdul-Aziz al-Dukheil.
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