VOL. XLI/VOL. XLII

Nos. 52/1

28-December-1998/4-January-1999

IRAN

Venezuela And Iran Air Views On Production Cuts

Statements by Venezuelan and Iranian officials during the past weekregarding their countries attitudes towards production cutbacks have done nothing toimprove the generally bearish climate which pervades the oil market these days.

On the Venezuelan front Mr. Alvaro Silva, a spokesman for the committeewhich is organizing the hand-over of power in the oil sector to President-Elect Hugo...