VOL. XXX

NO. 9

8-DECEMBER-1986

OPEC AND OIL PRICES

Venezuela Will Export 500,000 b/d to Downstream Ventures in 1987

According to the new President of Venezuela's state oil company Petroleos deVenezuela (PDV), Mr. Juan Chacin Guzman, Venezuela is planning to increase crudeexports to its various downstream joint ventures from the present 220,000 b/d tosome 500,000 b/d early next year. Mr. Guzman told a press conference in Caracason 1 December that PDV's longer term goal was to market around 700,000...