No. 29

17 July 2000


OPECs June Production Falls To 28Mn B/D With 500,000 B/D Shortfall In Iraqi Oil Sales

While the OPEC 10 increased production in June by 180,000 b/d to reach 25.46mn b/d, Iraqi exports under the oil-for-food program declined by 500,000 b/d because of problems associated with the transition between phases 7 and 8 of the oil-for-food program (MEES, 10 July and 26 June). Hence, total OPEC production for June stood at 28mn b/d, compared to 28.31mn b/d in May or a...