VOL. XXXVIIINO. 105-DECEMBER-1994

Egypt

Egypt To Maintain Oil Production At 870,000-900,000 B/D In 1995

Egypt will maintain its current crude oil production rate of 870,000-900,000b/d throughout 1995 in line with OPEC's recent agreement on a one-year quotarollover, according to Egyptian Oil Minister Hamdi al-Banbi as quoted by Egypt'sMiddle East News Agency on 27 November. Egyptian crude oil production averaged886,000 b/d in November, up from 865,000 b/d in October. In first half 1994,production...