No. 28

14 July 1997


OPEC Crude Production Sagged In June Due To Delay In Resumption Of Iraqi Oil Exports

OPEC's crude oil production fell sharply last month as a result of the delay in theresumption of Iraqi oil exports under the second six-month phase of the UN oil-for-foodprogram. According to MEES estimates, OPEC's crude output dropped by 410,000 b/d inJune to average 26.35mn b/d as compared with 26.76mn b/d in May.

No Iraqi oil exports under the oil-for-food program were...