Sunday, January 15, 2006

Sheik's death raises concern over oil prices

HM King Mohammed VI has sent a condolence message to Sheik Saad Al Abdullah Al Sabah, new Emir of Kuwait, and ordered a three-day mourning in Morocco, following the death of Emir Cheikh Jaber al-Ahmad al-Sabah.

The Emir of oil producing Kuwait, Sheikh Jaber al-Ahmad al-Sabah, key US ally, died on Sunday at the age of 78, after a long illness.

Sheikh Jaber, third ruler since Kuwait's independence in 1961, suffered from a brain haemorrhage in 2001. This limited his duties in the country which sits on a tenth of the world's crude oil reserves.

Sheik Jaber will be buried Sunday afternoon at the Sulaibikhat cemetery.

The government announced 40 days of mourning and said government offices would be closed for three days beginning from Sunday.

Crown Prince Sheik Saad Al Abdullah Al Sabah, a distant cousin, will take over. He is in his mid-70s and suffers colon problems. Hence, political analysts expect Prime Minister Sheikh Sabah al-Ahmad al-Sabah to be the de facto ruler, which he has been four years now.

Sheik Jaber's death raised concern over oil prices, but "Kuwait's (oil) policy will not change," an official, who declined to be named, told news agencies "The oil sector is running as normal, both production and exports."

Full report: Morocco Times

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