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OPEC: OUTPUT CUT BY 3.02 MILLION BPD.(Brief Article)(Statistical Data Included)
IPR Strategic Business Information Database, February, 2002
Figures released by the Middle East Economic Survey (MEES) show that the 10 OPEC member-states have reduced crude oil production by 3.02 million barrels per day (bpd) during January-November 2001, The News (Islamabad) reported. Opec produced 23.78 million bpd in November, or a surplus of 597,000 bpd over the September production ceiling.
Output by most countries was not much over the quota, apart from Nigeria, which produced 2.15 million bpd compared to a quota of 1.911 bpd, the report said.
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