NO. 12/13

25-DEC-1989/1 JAN1990


Norway Reduces Output Cutback

Norway's new center-right government announced on 21 December that it hasdecided to loosen the restraints it has imposed on oil production since 1987in support of OPEC's price stabilization efforts by producing at 95% of capacityin the first half of 1990 rather than at 92.5% of capacity as previously.According to an Oil Ministry statement, the decision "aims at contributingto stabilize oil prices at a reasonably...