NO. 15

13 JANUARY 1992


OPEC Crude Production Hits 24.3mn b/d in December

According to MEES estimates, OPEC crude oil production rose by some 350,000b/d last month, reaching 24.3mn b/d in December - a monthly record for 1991 - ascompared with 23.95mn b/d in November. The increase was mainly due to a sharprise of 320,000 b/d in Iranian output from 3.08mn b/d in November to 3.4mn b/din December (for detailed breakdown of Iranian crude exports in December, seepage A8).