VOL. XLII

No. 37

13-September-1999

OPEC

The New Venezuelan Oil Policy

by Dr. Ali Rodriguez Araque

The following is the text of a presentation delivered by theVenezuelan Minister for Energy and Mines, Dr. Ali Rodriguez Araque, in Oxfordon 9 September 1999.

The Organization of Petroleum Exporting Countries (OPEC) isabout to celebrate its fortieth anniversary. Since its birth, there have beenmany significant changes, both in the international scene as well as withineach member country. Venezuela is...