VOL. XXXII
NO. 19
13-FEBRUARY-1989
OPEC
New Venezuelan Minister Sees No Need for Expansion of Downstream RefiningCapacity
The new Venezuelan Minister of Energy and Mines, Mr. Celestino Armas, whotook office on 2 February, said that Venezuela can refine up to 600,000 b/d inits partly-owned refineries abroad and that this was sufficient refiningcapacity under Venezuela's current OPEC quota of 1.6mn b/d in the first half of1989. Mr. Armas went on to explain that his country will now seek to attract...
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