VOL. XLI

No. 29

20-July-1998

OPEC

Venezuela's 1999 Exports Seen At 3Mn B/D

Venezuela's Minister of Energy and Mines, Mr. Erwin Arrieta, and the President ofPetroleos de Venezuela (PDVSA), Mr. Luis Giusti, told a congressional hearing thatVenezuela's oil exports in 1999 will average 3mn b/d. Their figures are based on exportsamounting to 2.845mn b/d during the first half of the year, in line with output reductionsagreed by OPEC members in June (MEES, 29 June). During the second half of the year,...