VOL. XLIII

No. 20

15 May 2000

OPEC

OPEC Production Rose By 940,000 B/D In April, Half Of It From Iraq

Following OPECs decision at its end-March conference in Vienna to increase production quotas by 7.4% with effect from 1 April, OPEC member states raised crude oil output to 27.70mn b/d in April, an increase of 940,000 b/d from the previous month. Half of the rise in production was from Iraq, which is not a party to the OPEC agreements. Iraq increased output to 2.63mn b/d in April, compared to...