Venezuelan Crude Oil Reserves Raised to 58.5bn Barrels
Venezuelan proved crude oil reserves stood at 58.504bn barrels at the endof 1988, a net increase of 420mn barrels over 1987, while proved natural gasreserves reached 2,860bn cu. ms., an increase of 20,000mn cu. ms. over thepreceding year, according to the 1988 Annual Report of the state-owned Petroleosde Venezuela (PDVSA). Venezuelan proved petroleum reserves have more thantripled during the past ten years,...