NO. 39

28 JUNE 1993


Kuwait To Raise Oil Production To 2.16Mn B/D By September

Mr. Ali al-Baghli, the Kuwaiti Oil Minister, announced on 20 June that hiscountry will raise oil production from the current level of 1.6mn b/d to 1.9mnb/d in July, 2mn b/d in August and 2.16mn b/d in September, and declared that heexpects oil prices to improve during the third quarter if other OPEC memberstates "abide by their quotas without excesses." During the last OPECconference in Geneva, the OPEC...