NO. 41

11 JULY 1994


Iranian Output In June Exceeds OPEC Quota

Iran's crude oil output rose by 196,000 b/d during June to 3.732mn b/dcompared with 3.536mn b/d in May, according to MEES estimates. Data from MEESsources indicate that Iran is producing 132,000 b/d more than its OPEC quota of3.6mn b/d, on the basis of average crude oil exports of 2.732mn b/d during Juneplus deliveries to domestic refineries estimated at 1mn b/d. At 3.732mn b/d,June production is the highest so far...