VOL. XLVI
No 5
3-February-2003
OPEC
Venezuela Realizes 2002 Oil Price Of $22.18/B; Qatar 2003 Budget Based On $16/B
According to the Venezuelan Ministry of Energy and Mines, the realized price for Venezuelas basket of crude oil and refined products averaged $22.18/B in 2002, compared with a budgeted oil price for 2002 of $18.50/B. Realized prices for 2001 averaged $20.21/B compared to a budgeted oil price of $20/B, while the realized oil price for 2000 came in at $25.91/B, slightly below the...
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