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...