VOL. XXXI
NO. 24
21-MARCH-1988
OPEC
Venezuela Cuts Estimate of 1988 Oil Income
Venezuela has lowered its estimate of per-barrel earnings from its oilexports in 1988 but will partially offset the drop in revenues by increasingexports of condensate (which is not included in its 1,571,000 b/d OPECproduction quota), according to Energy and Mines Minister Arturo HernandezGrisanti. Dr. Grisanti told a congressional panel in Caracas on 15 March thatthe state oil company PDV now expects to earn an average...
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