VOL.XXXVI

NO.50

13-SEPTEMBER-1993

Venezuela'sParraProposesIncreaseInOPEC Ceiling To

24.5Mn B/D For Fourth Quarter

In an interviewwithMEES,Venezuela'sEnergyMinister

AlirioParrahasproposed that OPEC'sproduction ceiling for the fourth quarter of this year should be set at around

24.5mn b/d when the OPEC Oil Ministers meet in Geneva on 25 September to consider this question.

The proposed 4Q ceiling of 24.5mn b/d is 900,000 b/d higher

than the present official 3Q ceiling of 23.582mnb/d,but wouldleaveno...