VOL. XXXII

NO. 7

21-NOVEMBER-1988

OPEC

Venezuela's Oil Revenues to Fall $2bn in 1988

Venezuela's oil export revenues in 1988 are projected to fall by around $2bnfrom their 1987 level of $9.1bn because of lower international oil prices,according to the Venezuelan Minister of Energy and Mines, Mr. Julio Cesar Gil.Venezuela's oil exports were worth $7.6bn in 1986 and $13.1bn in 1985.