Opec Raised Oil Exploration to 30.5 Mil Barrels/D in Nov 2005
Posted on: Monday, 5 December 2005, 12:00 CST
Opec raised its oil exploration to 30.5 mil barrels/d in Nov 2005, up 600,000 barrels/d from Oct 2005. This puts the Opec's production back to the maximum levels of 25 years ago
. Saudi Arabia, the largest oil producing country in the world, mined 9.6 mil barrel/ d of oil in Nov 2005 compared to 9.15 mil barrels/d in Oct 2005. Iraq's oil production grew to 1.9 mil barrels/d in Nov 2005 from 1.75 mil barrels/d in Oct 2005. Iran's production remained unchanged, coming to 3.9 mil barrels/d.Source: Access Czech Republic Business Bulletin
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