VOL. XLII
No 43
25-October-1999
OPEC
Venezuela Says It Has Complied With 2.72Mn B/D Quota Since 1April
Venezuelaç—´ Ministry of Energy and Mines issued an officialstatement on 20 October emphasizing that the country had strictly complied withits OPEC quota of 2.72mn b/d since 1 April this year, when the latest round ofOPEC output cuts commenced. This followed the assumption of power in Venezuelaby the newly-elected pro-OPEC administration of President Hugo Chavez in earlyFebruary. The previous...
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