VOL. XXXI

NO. 39

4-JULY-1988

OPEC

Norway to Continue Production Restraint

Norway is to continue its 7.5% production cut in support of OPEC's marketstabilization campaign in the second half of the year, Oil Ministry spokesmanEgil Helle announced on 30 June. Mr. Helle explained that production restraintwould mean that Norway would be producing at 90,000 b/d below capacity, but thatoverall production would rise in the next six months as new wells and fields arebrought on stream. "Norway's average...