NO. 32



Ayoub Says Egypt Not Yet Decided as yet on Continuation of 5% Oil ExportCut

In an obvious reference to reports that some OPEC member states may beseeking an increase in the output ceiling and production quotas in the secondhalf of the year, Mr. Hammad Ayoub, Head of the Foreign Trade Department at theEgyptian Ministry of Oil, told Associated Press on 10 May that Egypt has notdecided whether to continue a 5% cut in oil exports in effect since April. Hesaid that...