VOL.XXXVI

NO.16

18-JANUARY-1993

LIBYA

Libya Announces 50,000 b/d Voluntary Cut

Libya's Secretariat (Ministry) of Energy announced last week that it hasdecided to introduce a 50,000 b/d voluntary oil production cut starting 15January in order "to help restore stability to the oil market and improveprices." According to the Ministry's statement, distributed by the officialnews agency JANA on 13 January, the cut is over and above the production levelof 1.409mn b/d allocated by OPEC to Libya during...