VOL. XLV
No 51/52
23/30-December-2002
SUPPLY/DEMAND
IEA Revises Production Capacity Estimates For Venezuela and Kuwait
The International Energy Agency (IEA) has increased its estimate for Venezuelan conventional crude oil production capacity, while lowering its estimate of Kuwaiti capacity. In its latest monthly Oil Market Report, published on 11 December, the IEA said that PDVSA had been maintaining conventional crude output at or above 2.6mn b/d before the oil workers strike began in early...
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