Norway is already producing at full capacity

16-06-04

Norway, the world's third-biggest oil exporter after Saudi Arabia and Russia, reiterated it is already producing oil at full capacity.

Responding to an OPEC call for non-OPEC oil producers to step up their output, Norwegian Oil and Energy Ministry spokesman Lars Nemoen said: "We are producing at our maximum capacity" of nearly 3 mm bpd.

In Jakarta, OPEC President Purnomo Yusgiantoro said the cartel will officially call on non-member producers to increase output in a bid to push world prices down.

"OPEC will send official letters to non-OPEC countries such as Mexico, Angola, Oman and Russia. We will ask them to increase their production to curb rising oil prices," Yusgiantoro, who is also Indonesia's energy minister, told.

Source: AFX News