VOL. XL No. 1728-April-1997

OPEC

Venezuela'sOil Policy: Precursor Of New Trends in OPEC

byFadhil J. Chalabi

The following is the text of a paper delivered byDr. Fadhil Chalabi at the 7th Annual Conference of the Centre for Global Energy Studies (CGES) in London on 21 April. Dr. Chalabi isExecutive Director of GCES and a former Acting Secretary General of OPEC.

Venezuela, a founding member of OPEC, has beenpursuing oil policies which are causing controversy within the Organization and in the oil...