NO. 39



Otaiba Rebuts Criticism of UAE on Overproduction

The UAE Oil Minister, Dr. Mana Saeed al-Otaiba, has responded to recentcriticisms of the UAE on the grounds of overproduction and non-observance ofOPEC's May agreement on output cutbacks. Dr. Otaiba told the press in Abu Dhabion 23 June that "our output was 2.1mn b/d in May.... then instructions wereissued to oil companies to cut Abu Dhabi's oil production by 200,000 b/d. I wantto make it clear that the UAE...