Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

OPEC President Says OPEC-10 Output Now At 29.7Mn B/D

The OPEC-10 (OPEC without Iraq) have increased production by 2mn b/d since the organizations ministerial meeting in mid-March in Iran and are now producing at 29.7mn b/d, Kuwaiti Energy Minister and OPEC President Shaikh Ahmad al-Fahd al-Sabah said on 2 May. Since our last meeting in Isfahan until now, there is 2mn b/d that has been added to the market, Shaikh Ahmad said. While he expected...