VOL. XLII

No. 33

16-August-1999

OPEC

OPECs July Production Figures Show Big Increase From IraqBut Improved Cutback Performance By OPEC 10

Although overall OPEC production rose by nearly 285,000 b/din July on the back of an exceptionally large rise of 470,000 b/d in Iraqscontribution, July output by the 10 member countries (excluding Iraq) whichparticipate in the OPEC cutback program actually dropped by 185,000 b/d therebyimproving their compliance performance for the month to over 92%.

According...