Opec to curtail daily output

The 114th Opec conference in Vienna decided on March 16-17 to curtail oil production by 1 million barrels since April 1. A statement of oil and energy ministers attending the meeting says the decision has been made to foster stability in the oil market. The move is intended to prevent a decline in crude prices.
BBC reports that a number of countries insisted on reducing output by 1.5 million bpd, but after opposition and pressure from the US and other major importers the quota was set at 1 billion.*

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Issue: March, 18, 2001


POLITICS

President pleased with visit to Turkey


ECONOMICS

Construction to take AZM17bn

CIS Summit agenda ready

Opec to curtail daily output

Over a third of GDP in industry


ECOLOGY

Azeri-language web-site on Caspian


CULTURE

Art exhibition opens

Azeri artists open exhibition

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