OPEC to regulate oil output

In a bid to keep crude prices at $22-24 per barrel, OPEC member-states can decrease oil output, says Venezuelan oil minister. He told BBC Wednesday that OPEC countries had agreed on regulating crude prices.
If the price falls beneath $22 per barrel, oil production will decline by 0.5 million bpd, while if it exceeds $24, output will reach the previous level.*

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Issue: April, 19, 2001


OFFICIAL INFORMATION

Government reshuffling started


ECONOMICS

Second Talysh Daniz / Lankaran-Daniz well also dry

OPEC to regulate oil output

Merger of exchanges not anticipated

Musavat concerned with gov’t reform

95% of collective farm property privatized


NEWS OF BAKU

Mayor provides explanation

Mosque destroyed as illegal structure


MISCELLANEOUS

Powerful magnetic turbulence to last till April 20

Archive

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