New PDVSA Production figures Confirm Over Quota
Output in Venezuela New estimates for Venezuelan crude oil production,prepared by the state owned Petroleos de Venezuela (PDVSA) and submitted toCongress by the company's President, Mr. Luis Guisti, lend substance to thegeneral belief that Venezuela is indeed producing very substantially more thanits OPEC quota allocation of 2.359mn b/d. PDVSA's revised 1995 forecasts putaverage oil production for the year at...
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