VOL. XLVI

No 3

20-January-2003

OPEC

Venezuela Government And Opposition Provide Different Production Figures

Speaking at UN headquarters in New York on 16 January, Venezuelan Energy Minister Rafael Ramirez said that the countrys crude production was currently 890,000 b/d and predicted that it would reach 2mn b/d before the end of the month. However, the opposition in Venezuela recently estimated crude production at 500,000 b/d, up from 200,000 b/d in December. The country was producing around...