VOL. XXXI

NO. 43

1-AUGUST-1988

QATAR

QGPC Production and Term Contracts

MEES understands that Qatar's crude oil production was around 330,000 b/d inJuly and that this rate has been maintained throughout the first half of 1988.The Qatar General Petroleum Corporation (QGPC) markets approximately 260,000 b/dof crude oil through a number of evergreen term contracts, renewed annually,with prices reviewed on a monthly basis in line with a formula related to theOman monthly assessment price (PDO). The...