NPRA '02: US action on Iraq could stabilise oil prices

26 March 2002 21:13  [Source: ICIS news]

SAN ANTONIO, Texas (CNI)--American action to remove Saddam Hussein and his Iraqi regime could help stabilise international oil prices rather than undermine them, it was argued here on Tuesday by former US Secretary of State Henry Kissinger.

Asked at a press conference whether plans to topple the Iraqi president would damage the chemicals industry by promoting energy price rises and instability, Kissinger replied: "One could argue that a more co-operative regime in Iraq would help stabilise the oil price situation."

Kissinger was speaking after addressing a luncheon meeting of the 27th annual International Petrochemicals Conference (IPC) at which he defended strongly America's robust response to the terrorist attacks of 11 September. He supported vigorously President Bush's 'axis of evil' speech in which Iraq was targeted for developing weapons of mass destruction and fostering terrorist groups posing a direct threat to western democracies.

The IPC, which concludes here today, is sponsored by the National Petrochemical & Refiners Association (NPRA).

By: Neil Sinclair
+44 20 8652 3214

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