Venezuela Now Excludes Syncrude From OPEC Quota
Venezuelan Energy and Mines Minister Rafael Ramirez has said that Venezuela is now excluding its growing production of synthetic crude from its OPEC quota, according to an OPECNA report of 29 November. Mr Ramirez said that his country was complying with its quota if condensates and syncrudes were excluded. There is a misunderstanding regarding the Venezuelan figures. Some sources are taking into...