16 SEPTEMBER 1991
Venezuela May Review Petroleum Expansion Plans if Oil Price Drops
Venezuelan President Carlos Andres Perez told a press conference in Caracason 7 September that his country may review its oil expansion plans if oil pricesdrop significantly. Mr. Perez said that "if prices dropped, Venezuelawould have two options, either to resort to indebtedness or to extend theprogram to achieve an increase of 1mn b/d in our oil production." Thestate-owned oil...