VOL. XXXIX

No. 54

7-October-1996

OPEC

PDVSA Report Anticipates Venezuelan Oil/NGL Production Of 3.14Mn B/D For 1996

The Venezuelan state oil company Petroleos de Venezuela (PDVSA) expects that its production of crude oil and natural gas liquids (NGL) will average 3.14mn b/d for the year 1996, according to a company report obtained by Reuters from government sources. (Allowing for condensate/NGL output of around 150,000 b/d, this would indicate a crude oil production level of a...