October 18, 2003
Venezuela forecasts 3.02-mil
b/d in 2004 oil exports
(Platts.com) - Venezuela
plans to export 3.02-mil b/d of crude and products
in 2004, up from an average of 1.93-mil b/d this
year, the country's finance minister said in an
outline of next year's budget. Total oil output
is forecast to be 3.57-mil b/d in 2004, Tobías
Nobrega told reporters. That figure is comprised
of 600,000 b/d of synthetic crude from four extra-heavy
oil joint ventures, 160,000 b/d of NGLs, and 2.82-mil
b/d from state oil company PDVSA.
