Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

OPEC

Referendum On Chavez Presidency Set For 15 August

Venezuelas National Electoral Council has ruled that President Hugo Chavez will face a national referendum on his presidency on 15 August. If he loses the vote, presidential elections could be held within one month. The ruling represents a victory for opposition groups since, according to the countrys constitution, a recall vote before 19 August will require new elections whereas one...