VOL. XXXI

NO.41

18-JULY-1988

UAE

UAE Production below Self-Proclaimed Quota

Although the UAE has allocated itself a quota of 1.5mn b/d (as against948,000 b/d in the current OPEC agreement), MEES learns that in fact productionin July is running at much the same level as in June, before the UAE formallyseceded from the OPEC production program. Output is understood to be averagingaround 1,370,000 b/d, with Dubai accounting for 400,000 b/d of this total andthe remainder distributed as follows: ADCO...