VOL. XLV
No 33
19-August-2002
OPEC
OPEC Production Continues On Rising Trend
There was a noticeable increase inOPEC production in July, mainly due to higher output from Iran and Iraq. The OPEC10 member countries (excluding Iraq)increased production by 200,000 b/d over June to 23.52mn b/d, while total OPECproduction (including Iraq) in Julystood at 25.35mn b/d, or a rise of 510,000 b/d overthe previous month.
The July production figuresdemonstrate a continuation of the progressive growth of OPEC...
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