WPC: PDVSA's Rodríguez warns of non-OPEC 'threat' to oil market stability

09/16/2002
A ramp-up in oil production by countries outside the Organization of Petroleum Exporting Countries in the short term could pose a "serious threat" to prospects for oil market stability in the long term, said the former secretary-general of OPEC, Alí Rodríguez Araque.Rodríguez, who left his OPEC post earlier this year after being appointed president of Venezuelan state oil company Petroleos de Venezuela SA, made the comment in a talk before a plenary session of the World Petroleum Congress early this month in Rio de Janeiro. The congress concluded Sept. 5 (see related story, p. 22).Non-OPEC threatRodríguez prefaced his warning about the non-OPEC market "threat" ...
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