OPEC Production Capacity Expected to Increase by 3 Million Barrels in 2006

MENAFN – OPEC predicted its oil reserve production capacity to reach three million barrels towards the end of 2006.

OPEC Secretariat said in Wednesday’s monthly report, its spare production capacity is high enough to calm the oil market’s worries. The Organization of Petroleum Exporting Countries said member nations have over 100 projects underway or in planning to increase spare output capacity of crude oil and other liquids by over 11 million barrels per day in 2010.
MENAFN