OPEC's official production levels, plus additions
Herewith the current official production ceilings for OPEC's 10 members participating in its supply-limiting regime, increased already twice this year -- in March and June -- to try to ease soaring prices.
Actual production figures however show that OPEC is already cheating on the official figures, giving a real daily production level of over 26 million barrels.
In addition Saudi Arabia has reportedly said it produced an extra 600,000 barrels per day since a unilateral announcement in July that it would increase production to calm markets.
All figures are in barrels per day.
country barrels per day:
Saudi Arabia 8,253,000
United Arab Emirates 2,219,000
Iraq, while an OPEC member, does not fall under the quota system because of UN sanctions.—AFP.
©--Agence France Presse.
© 2000 Mena Report (www.menareport.com)