VOL. XXXIII

NO. 41

16-JULY-1990

OPEC

Otaiba Confirms UAE Cutting Oil Output

Dr. Mana Saeed al-Otaiba, the UAE Minister of Petroleum and MineralResources, said on 13 July that his country would start cutting its crude oiloutput to 1.5mn b/d immediately, according to the Emirates News Agency (WAM)."The UAE will immediately implement the Jiddah decision, whose positiveinfluence on the oil market had already been seen", he said. "The UAEwill adhere to the 1.5mn b/d quota level until new circumstances...