No. 37

15 September 1997


OPEC Production Reaches New Peak In August After Restart Of Iraqi Exports

Boosted by the restart of Iraqi exports midway through the month, OPEC's crude oilproduction registered a sharp rise of 1.01mn b/d in August to reach 27.45mn b/d as against26.44mn b/d in July, according to MEES estimates. Records show that this was thehighest monthly crude output figure attained by OPEC since 1979.

From the resumption of Iraqi shipments on 14 August until the end of...