No. 43



Venezuela Producing Around 3.2Mn B/D Of Crude Oil, Says PDVSA Official

Venezuela is producing just below 3.2mn b/d of crude oil and plans to reach 3.8mn b/dby the end of 1998, according to Mr. Ramon Espinasa, PDVSA's Chief Economist, instatements to the press in Caracas on 21 October. Mr. Espinasa stated that his country'slevel of production depends on "what you take into account. In terms of crude oil weare a little under 3.2mn b/d," adding that PDVSA was...