VOL. XL
No. 7
17-February-1997
IRAQ
Iraqi Exports Boost OPEC Crude Output To 26.55Mn B/D In January
OPEC crude oil production rose by a further 390,000 b/d last month to reach 26.55mn b/d, as compared with 26.16mn b/d in December, according to MEES estimates (see table below).
As expected, the January increase in OPEC output was largely attributable to a programmed increment in Iraqi crude oil exports under the UN oil-for-food plan (resolution 986). MEES estimates that Iraqi crude oil exports...
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