VOL. XL

No. 46

17-November-1997

GENERAL

Venezuela's Production Capacity Stood At 3.4Mn Barrels In 1996

Venezuela's crude oil and condensates production capacity stood at 3.416mn b/d atend-1996, representing an increase of 10% over the previous year(Table 1), according tothe Petroleos de Venezuela(PDVSA) Annual Report for 1996. The country's provenreserves of crude oil, condensates, heavy and extra-heavy crude, Orinoco Belt crude andOrinoco Belt bitumen increased in 1996 to 72.574mn barrels, a...