<p>Middle East oil producers will shelve projects to boost output if crude prices drop below $80 a barrel, a senior official from the Organization of Arab Petroleum Exporting Countries, or Oapec, told Dow Jones Newswires.</p><p>Abbas Naki, the Secretary General of Oapec[Sic], said that if oil prices fall further "we will see investments and developments in the oil sector in these countries decrease drastically."</p>
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Mideast to Cut Oil Investments If Prices Dip Below $80/Barrel
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