The Abu Dhabi National Oil Company (ADNOC) recently declared that it will cut its oil production at a number of its oil wells in the United Arab Emirates (UAE) at varying levels as of the beginning of March, reported Al-Hayat . This is the third oil production drop since OPEC member states agreed in December 2001 to drop its oil production by 1.5 million tons per day. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
