Sheikh Ahmad Million Quotations

OPEC today produces 30.4 million bpd and there is a surplus in the market estimated at over two million barrels,

Oil resources and supplies are plentiful and OPEC has been producing 1.5 million more barrels per day than its quotas in the third quarter of 2005,

according to the agreement, Kuwait will supply Lebanon with 500,000 tons of gas oil per year for three years valued at a total of between 700 million and 800 million US dollars.