VOL. XLIII

No. 03

17-January-2000

VENEZUELA

1999 Export Prices For Venezuela

Venezuelas Ministry of Energy and Mines has announced average prices for its oil exports as listed below. The Venezuelan prices are for a basket of crude oil and refined product sales on world markets.

Venezuelan Basket Prices ($/B)

1998

1999

Period

Basket Price

Period

Basket Price

Period

Basket Price

Dec Average

8.03

Dec Average*

22.77

1999 Average*

16.07

Nov Average

9.47

Nov Average*

22.45

1998 Average

10.57

Oct Average

11.14

Oct Average*...