Middle East Economic Survey
VOL. XLVIII
No 38
19-September-2005
OPEC Sees Spare Output Capacity Under 2Mn B/D, Of Which 1.5Mn B/D In Saudi Arabia
OPEC said on 11 September that the organization had spare oil production capacity of just under 2mn b/d, of which around 1.5mn b/d is in Saudi Arabia. The statement, which clarified points made by Acting Secretary General Adnan Shihab-Eldin in an interview with Germanys Der Spiegel, repeated Saudi Arabias readiness to increase production to replace any...
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