VOL. XXXII

NO. 43

31-JULY-1989

ARMAS OUTLINES VENEZUELAN OIL POLICY

(The following is the text of an address delivered by Venezuela's Minister ofEnergy and Mines, Dr. Celestino Armas, at the 11th Conference of theInternational Association for Energy Economics held in Caracas on 27 June. Itrepresents the first comprehensive policy statement by Minister Armas sincehis appointment at the beginning of this year.)

Initially, allow me briefly to review Venezuela's existing energy potential.Our...