NO. 50



Venezuela Produces l.97mn b/d in First half 1988

Venezuela produced an average of 1.97mn b/d of crude oil, condensate andnatural gas in the first six months of 1988, according to the Minister of Energyand Mines, Mr. Julio Cesar Gil. Mr. Gil told a press conference in Caracas thatexports of crude and products averaged 1.59mn b/d over the same period at anaverage price of $13.83/B, bringing first half revenues to over $4bn. Mr. Gilalso said that 450,000 b/d of...