VOL. XXXII
NO. 35
5-JUNE-1989
OPEC
Venezuela Produced 1.71mn b/d of Crude Oil in 1988
Venezuelan crude oil production averaged 1.71mn b/d in 1988, compared to1.53mn b/d during the previous year, or an increase of 11.76%, according tothe state-owned Petroleos de Venezuela's Annual Report. Production ofcondensates and natural gas liquids in 1988 totaled 188,000 b/d and 98,000 b/d,compared to 165,000 b/d and 94,000 b/d in 1987, respectively. The average pricefor crude oil and petroleum products sold...
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