NO. 49


OPEC & Gulf

Venezuela Calls on US Firms to Invest in Downstream Expansion

Mr. Celestino Armas, the Venezuelan Energy and Mines Minister, called on USfirms to extend financial and technological assistance for the expansion ofhis country's downstream ventures. Following a meeting with US Energy Secretary,Mr. James Watkins, in Washington on 31 August he told a press conference inCaracas on 4 September that "Venezuela cannot expand its production byitself. We...