FORMER COMMUNIST BLOC OIL PRODUCTION SHOWS RECORD SLIDE FOR 1992

Oil production in Communist and former Communist nations plunged a record 1.294 million b/d in 1992. Crude and condensate flow fell to about 12.16 million b/d vs. a revised 13-454 million b/d in 1991. Former Communist bloc oil production last year was the lowest since the estimated 11.85 million b/d in 1975. Largest previous annual production decline for Communist and former Communist nations was 1.085 million b/d in 1991.

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