VOL. XXX

NO. 24

23-MARCH-1987

OPEC AND OIL PRICES

Venezuela Can Meet Debt Commitments at $18/B

Venezuela will be able to meet its foreign debt commitments if the price ofoil stabilizes at $18/B, according to Energy and Mines Minister Arturo HernandezGrisanti. Mr. Grisanti said in Caracas on 19 March that "the $18/B levelwill place the average price for Venezuela's export crudes between $16.50/B and$17/B, which will allow us to meet our commitments under the new terms of ourforeign debt...