Egypt Maintains Output at 870,000 b/d but Plans to Boost Oil Receipts by Raising Exports
Egypt has decided to maintain its crude oil production at the current level of 870,000 b/d, according to Egyptian Oil Minister Abd El-Hady Kandil. Egypt had reduced its output to 870,000 b/d from 900,000 b/d last November in a move designed to lend support to OPEC's efforts to stabilize oil prices (MEES, 5 November 1984). Mr. Kandil emphasized that the decision to maintain the current level...
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