VOL. XLII

No 45

8-November-1999

OPEC

Venezuela Considering Production Cut After March; Norway ToDecide Before Year End

Venezuelan Energy and Mines Minister, Ali Rodriguez,announced on 4 November that his country is prepared to study the possibilityof extending the OPEC production cutback agreement beyond the 31 March 2000expiry date. Mr. Rodriguez told reporters in Caracas that "the oil cutscan be extended. It is one possibility we (OPEC) are going to study."Meanwhile, the OPEC Secretary General...