Algeria applies to increase its OPEC quota

13 October 2003
Algiers announced on 11 October that it was hopeful that OPEC would accept a request to increase its oil quota. 'OPEC has adopted a good attitude. Some members want their quotas to be higher. The cartel has set up a commission to study these requests. Algeria is optimistic regarding its request,' said Algerian Energy & Mines Minister Chakib Khelil.

As of 1 November, Algeria's oil quota will be 782,000 barrels a day (b/d), reduced from 811,000 at the 24 September OPEC meeting. Algeria is on track to increase oil output to 1.5 million barrels a day by 2005, Khelil said on 6 May.

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