No. 33

18 August 1997


OPEC Crude Production Held Steady In July

With Iraqi oil exports still out of the picture, OPEC's crude oil production heldsteady at a reduced rate last month. According to MEES estimates (see table below),OPEC's crude output registered a modest increase of 60,000 b/d to reach 26.44mn b/d inJuly as compared with 26.38mn b/d in June.

Lower production in Nigeria (down 55,000 b/d), mainly as a result of temporary problemsin the Shell production and export system,...