Oct 31, 2001, 12:01 AM
News Code: 9033439
0 Persons
production oil in cut backs Indonesia that said has government Indonesian The -- IRNA 31, Oct Lumpur, Kuala extraordinary the at production oil in cut a suggest to plans it on (OPEC) Countries Exporting Petroleum of Organization the of meeting .Wednesday on said report a 14, November it think I but be, will cut the much how counting still are We" oil for director-general "day, a barrels million one to up reach may Bangkok-based the by quoted as said, Sudibyo Rachmat gas and .Times Asia newspaper, producers oil other and members OPEC much how tell not could He to price oil the boost to effort an in production their cut to had .OPEC by set already range $22-$28 US the within remain so figure the set would secretariat OPEC's believed he However .level expected the reach would oil of price the that per $22-$28 below remained price the if that decided earlier OPEC reduce automatically would OPEC then days, consecutive 10 for barrel .day a barrels 500,000 by production been has price the although made been has cut no now until However .days 23 past the for range the below of fall sharp the because it about anything decided not has OPEC" Trade World the namely -- factors unexpected by caused was price the we Therefore" adding, said, Rachmat "11, September last tragedy Center ".meeting extraordinary an hold will of price reference the in drop the actually that said Rachmat the was barrel per 97.$18 to basket the in oil of kinds seven .well as non-members of but members, OPEC only not of responsibility barrels million 47 than more produced countries non-OPEC said He .day per barrels, million 5.23 around only members OPEC while million 23.1 only reaches present at production Indonesia's .day a barrels BN/AH End