Will output in 1980 satisfy growing Petromin demand?


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Issue 18 - 25 Feb 1980
As OPEC members debate the possibility of production cuts to maintain price levels in 1980, the West lives in hope that Saudi Arabia will maintain current output levels. The Saudis do not enjoy over-producing because it shortens the life of their reserves and impairs relations with the rest of OPEC. But if Aramco is to expand capacity, the Saudis may not be able to cut back.

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