NO. 47


OPEC & Gulf Crisis

Kuwait Calls on OPEC to Increase Oil Production

Kuwait's Finance Minister, Shaikh 'Ali Khalifah al-Sabah, has called uponOPEC member states to increase their oil production to compensate for the lossof output from Iraq and Kuwait. He said at a press conference in Brussels on 17August that more than 4mn b/d of oil have been removed from world markets sinceIraq invaded Kuwait on 2 August and UN economic sanctions were imposed on 6August. He...