VOL. XXXIII

NO. 24

19-MARCH-1990

OPEC

Venezuela Plans to Raise Production Capacity to 3.5mn b/d by 1995

Venezuela plans to raise its crude oil production capacity to 3.5mn b/d by1995, according to Mr. Andres Sosa Pietri, the new chairman of Petroleos deVenezuela (PDVSA), in a speech made at his swearing-in ceremony last week andcarried by the state news agency Venpress. Venezuela's current productioncapacity is put at around 2.5-2.6mn b/d. President Carlos Andres Perez alsospoke at the ceremony,...