NO. 28


Venezuela Plans $30Bn Upstream Investment Program To Achieve 4Mn B/DOutput Capacity By 2002

Venezuela is to undertake a $30bn upstream investment program to raise thecountry's oil output capacity to a minimum of 4mn b/d by the year 2002,according to Venezuela's Minister of Industry and Mines, Dr. Alirio Parra.Speaking at the Conference of the Centre for Global Energy Studies (CGES) inLondon on 6 April, Dr. Parra said that Venezuela also had plans to invest $10bnin...