OGJ Newsletter

05/06/2002
Market MovementRodríguez appointment locks Venezuela to OPEC policyIn his first meeting with the press since being named president of Petroleos de Venezula SA, Alí Rodríguez Araque last week emphasized that Venezuela still firmly supports the objectives and decisions of the Organization of Petroleum Exporting Countries. Asked if Venezuela would increase its oil production to ease the country’s economic problems, Rodríguez said, "Long experience has taught us that cooperation is a key factor for maintaining stability in the oil market." Rodríguez also is secretary general of OPEC.He was named president of PDVSA by newly restored President ...
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