VOL. XXXII

NO. 37

19-JUNE-1989

OPEC

Venezuela Reclassifies 40,000 b/d of Condensates as Crudes

Venezuela will reclassify 40,000 b/d of condensates as crude oils effective1 July, according to Dr. Celestino Armas, the Minister of Energy and Mines, in astatement issued in Caracas on 13 June. He added that the OPEC MinisterialConference in Vienna had accepted his country's proposal to gradually cutcondensate output in such a way as not to affect the total volume of Venezuelanproduction. Dr. Armas said...