Middle East Economic Survey


No 32


OPEC Production Tops 30Mn B/D In July, A 25-Year Record

MEES estimates indicate that OPEC oil production in July registered the highest level in 25 years, rising to 30.02mn b/d. In 1979, production by the then 13 OPEC member states (including former members Ecuador and Gabon) averaged 30.928mn b/d.

OPEC oil production rose by 4.1% or 1.18mn b/d in July to 30.02mn b/d from 28.839mn b/d in June, mainly due to the increasing production from...