VOL XXX

NO. 8

1 DECEMBER 1986

OPEC AND OIL PRICES

Venezuelan Revenues May Average $14/B for the Year

Venezuela is earning an average of "somewhat above" $13/B on itsoil exports so far this year, according to the Minister of Energy and Mines, Dr.Arturo Hernandez Grisanti. Dr. Grisanti said in a newspaper interview publishedin Caracas on 25 November that "at this time we are selling, on theaverage, at somewhat above $13/B, and I think we can reach very close to $14/Bfor the entire year."

The...