VOL XXXI

NO. 20

22-FEBRUARY-1988

OPEC AND OIL PRICES

Malaysia Producing 540,000 b/d

Despite assurances by Malaysian Government officials over the last two yearsthat Malaysia is prepared to cut its oil output in support of OPEC's efforts tostabilize prices, Malaysian production actually appears to be rising rather thanfalling. Earlier this year the results of the state oil company Petronas for thefinancial year 1986/87 revealed an average production rate of close to 500,000b/d, despite pledges in...