Wednesday, June 25, 2008

CORRECTION OF OIL PRODUCTION FIGURE

Because of my own typo error, I wish to amend the Saudi's oil output figure which was wrongly quoted by me at about 1.o millions barrels per day. I t should have been read as about 10.0 millions barrels per day.
Going by the figures released by International Petroleum Monthly for the month of May, 2008, Saudi Arabia produced an average output of 9.2 millions barrels per day for the first 3 months of 2008.
The error is very much regretted.

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