VOL. XLV

No 46

18-November-2002

OPEC

Venezuelan Energy Minister Says Crude Production Complies With OPEC Quota

Venezuelas Minister of Energy and Mines Rafael Ramirez said on 12 November that the country is complying with its 2.497mn b/d OPEC quota and denied reports by secondary sources that production was exceeding that volume. MEES estimates have put Venezuelan crude production at 3.1mn b/d during September (MEES, 4 November). Speaking to the state news agency VENPRES, Mr Ramirez said that...