VOL. XXXVII

NO. 12

20-DECEMBER-1993

OPEC/Non-OPEC

Oman Informs Customers Of 5% Output Cut

Oman's Ministry of Petroleum (MPM) has notified its third- party crude oilcustomers of a 5% cut in their contract entitlements with effect from 1 January1994 until further notice. This move follows an announcement by Omani OilMinister Sa'id bin Ahmed al-Shanfari to the effect that Oman would reduceproduction by 5 to 10% in response to appeals by OPEC for output cuts bynon-OPEC exporters. This OPEC appeal was...