NO. 32

9 MAY 1994


Sharp Drop In Iranian Output In April

After rebounding to 3.7mn b/d in March, Iran's crude oil production onceagain fell back to 3.43mn b/d in April - 170,000 b/d below the OPEC quota levelof 3.6mn b/d - according to MEES estimates.

Data from MEES sources indicate that Iranian crude exports averaged 2.43mnb/d in April, down 286,000 b/d from the March figure of 2.716mn b/d. Allowingfor estimated crude deliveries to domestic refineries of around 1mn b/d, Iran'sApril...