BUDGETS AND REVENUES
Venezuelas Oil Basket Averaged $25.65/B In 2003
The average price for Venezuelas oil basket hit $25.65/B in 2003, up 17% from $21.95/B in 2002, according to statistics released by the countrys Ministry of Energy and Mines. The Venezuelan basket represents a combination of crude oil and refined product exports sold at market differentials to world benchmark prices. The figures projected an average price for the Venezuelan basket in 2004...