NO. 16

17 JANUARY 1994


OPEC's November Production As Reported By Member Countries

As regards both supply (on which OPEC quotas are based) and wellheadproduction, the crude output figures communicated directly to the OPECSecretariat by member countries show few significant quota infringements. Themajor exception is Iraq which has a claimed output of 315,000 b/d over quota,but whose oil does not impact on world markets and which does not in any caserecognize the quota assigned to it...