VOL. XLI

No. 30

27-July-1998

OPEC

Grim Outlook For Venezuela's Oil Revenues In 1999

The contribution of oil revenues to Venezuela's fiscal revenue in 1999 will be about$6bn, or $1bn less than in 1998, under the best case scenario, according to PDVSA'seconomist, Mr. Klaus Nusser. In its model, PDVSA has used three possible scenarios for1999, changing its variables of price, exports and exchange rate to give three likelycontributions ranging from $4.6bn to $6.2bn. The best case scenario assumes an...