VOL. XLVII
No 07
16-February-2004
OPEC
OPEC Plans To Rein In Leakage In March, Cut Ceiling By 1Mn B/D In Second Quarter
Walid Khadduri and Bill Farren-Price report from Algiers.
OPEC ministers agreed on 10 February to rein in oil production in March over and above the organizations present 24.5mn b/d ceiling and thereafter institute a 1mn b/d quota cut, to be distributed among member countries on a pro rata basis from 1 April. MEES learns that major OPEC producers are set to inform their customers...
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