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Date:Mon, 27 Aug 2001 14:19:04 -0700 (PDT)

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[IMAGE] [IMAGE] =09 "); document.write (mesn[fecha.getMonth()+1]+"=
, "+fecha.getDate()+" "+fecha.getYear()); document.write (""); Agosto, 27=
2001 Petroleumworld Weekly Review Aug. 19-Aug. 26 www.petroleumworld.=
com for the lastest daily news [IMAGE] THE WEEK TOP NEWS Venezuelan pro=
pose oil royalties hike seen bad for investment Illustration: El Nacional =
[IMAGE] PETROLEUMWORLD Caracas, Aug. 22 Full story Venezuela's Silva mee=
ts with Venamcham oil executives [IMAGE] By Elio Ohep PETROLEUMWORLD Caraca=
s, Aug. 22 Full story Mexico to open the energy sector Foto: Walter Shi=
ntani/Reforma [IMAGE]Ernesto Martens (center), Secretario de Energ?a Ra?l M=
u?ez Leos, director general de Pemex. PETROLEUMWORLD Caracas, Aug. 24 Full =
story Ecopetrol, PDVSA and Texaco to study gas interconnection between C=
olombia and Venezuela [IMAGE][IMAGE] PETROLEUMWORLD Caracas, Aug. 24. Full =
story Venezuela's ExxonMobil Cerro Negro ships first upgrade crude Photo=
: ExxonMobil [IMAGE] PETROLEUMWORLD Caracas, Aug. 23 Full story Citgo sa=
ys Lemont refinery crude unit down for 20-24 weeks [IMAGE] By Elio Ohep PET=
ROLEUMWORLD Caracas, Aug. 23 Full story Venezuela Elec Chamber pres warn=
s of power crisis - repor [IMAGE] PETROLEUMWORLD Caracas, Aug. 23 Full stor=
y OPEC-10 Overshot oil output target by 737,000 b/d in July [IMAGE] PETR=
OLEUMWORLD Caracas, Aug. 22 Full story Citgo: Damage distillation tower w=
ill keep Lemont refinery down six weeks [IMAGE] PETROLEUMWORLD Caracas, Au=
g. 21 Full story Venezuela, Chevron to study a 500,000 mt/yr styrene projec=
t[IMAGE] PDVSA's Pequiven Jose Petrochemical complexBy Elio OhepPETROLEUMWO=
RLDCaracas, Aug. 21 Full story Venezuela's Ambassador: New Energy Law to=
open areas of production [IMAGE] Venezuela's Ambassador to the United Stat=
es, Ignacio Arcaya PETROLEUMWORLD Caracas, Aug. 21 Full story Venezuela =
Election Council sets Oct. 25 as the new date for union elections. Photo: =
El Universal [IMAGE]Venezuela's National Electoral Council President Robert=
o Ruiz PETROLEUMWORLDO Caracas, Aug. 20 Full story OPEC President: NO ou=
tput change in Sept, review production in Nov. [IMAGE]OPEC's President Chak=
ib Khelil By Elio Ohep PETROLEUMWORLD Caracas, Aug. 20 Full story Iran P=
res Reviews OPEC Issues With Venezuela Foreign Min [IMAGE] Iranian Presiden=
t Mohammad Khatami PETROLEUMWORLD Caracas, Aug. 20 Full story [IMAGE] =
This week top ISSUES... Inside, confidential and off the record Supporte=
rs of the new oil law... ? Full Story Aug. 23 All a board - VEPROX "Offs=
hore Europe 2001" Full Story Aug. 22 Aquiles Systems, charge! Full Sto=
ry Aug. 21 More... To read all ISSUES... articles please click here =
Prices Aug. 24 Update: Aug. 26/12:30 GMT/08:30 ET IPEBrent Spot 08/=
24 $25.79 WTI Cushing Spot 08/23 $ 27.53 IPE Brent Futures Fro=
nt Month 08/24 $ 25.95 WTI Nymex FOB Cushing Front Month 08/24 $=
26.90 Venezuela oil Basket $ 21.35 week Aug.24 vs $ 22.04 prev.wee=
k Opec Crude oil basket $ 24.17 week Aug.24 vs. $ 24.72 prev.week =
See more information and graphs in : www.petroleumworld.com OPINION W=
alker's World: Oil, Russia and OPEC Story Aug. 26 Chile has the answer to=
the Latin malaise Story Aug. 24 Venezuela Supreme Court ruling keeps pvt=
property safe Story Aug. 23 DJ ASIA ENERGY WATCH: Market forces erode O=
PEC control Story Aug. 21 Previous Opinion articles FOCUS-ANALYSIS-R=
ISKWATCH Oil boom splits russia from OPEC Story Aug. 24 Midwest refine=
rs at capacity after outage - Analysis Story Aug. 24 Venezuela's oil sec=
tor badly hurt by 1H '01 oil cuts Story Aug. 23 MEES: OPEC July productio=
n rises to 27.24Mn b/d Story Aug. 22 Previous focus- analysis-interviews =
Risk, Guaranteed The Sunday's Petroleumworld Opinion Forum: viewpoints=
in oil & international politics. US: Energy Woes "After more than two d=
ecades of inaction, the American public can no longer afford the luxury of =
not coming to grips with US energy needs while maintaining a clean environm=
ent." Mark Rubin, Upstream issues, American Petroleum Intitute, 3d. April =
2001. [IMAGE] Mazhar Al-Shereidah By Mazhar Al-Shereidah Executive Direc=
tor & Editor Petroanalysis Venezuela PETROLEUMWORLD Caracas, August 26 Ful=
l Story Previous Sunday opinion forum articles Sunday's Feature Unof=
ficial english version Draft decree of the new hydrocarbons law [IMAGE] =
RIAS President of the Republic PETROLEUMWORLD Caracas, August 26 Full Draf=
t Previous articles Saturday's INTERVIEW Interview with Ravi Batra, v=
isionary and author of The Crash of the Millenium [IMAGE] By Layth Matthew=
s PETROLEUMWORL Caracas, Aug. 25 "All the trouble we are going to have in=
the US is from the fact that wages didn't keep up with productivity." -Bat=
ra Full story Previous Saturday's interviews EVENTS Mexico's Fox to=
address Americas conference in Miami Story July 25 Supply and Distributi=
on: Challenges and Opportunities North American Natural Gas Forum Story J=
uly 15 Previous Events THEMES Oil firms agree on cleaning up Californi=
a sites Story Aug. 21 Previous Themes SOCIAL ROLE OF BUSINESS IDB se=
minar on "Ethics and Development: The New Challenges" in Tegucigalpa Sept.=
1-3 Story / Aug. 2 The Right Decision Story / Aug. 1 Previous stories =
ENVIROMENT Petrozuata's in the board of directors of Venezuela's oil safe=
ty committee [IMAGE]Petrozuata's Julio Rodr?guez PETROLEUMWORLD Caracas, A=
ug. 26 Story TECHNOLOGY ORIENTE MARINE GROUP the mayor commercial divin=
g outfits in Venezuela's eastern region[IMAGE] PETROLEUMWORLD Caracas, Aug.=
26 Story Previous stories Until next week and thank you for your readi=
ng To received the newsletter click to suscribe For daily Energy, Oil =
& Gas information www.petroleumworld.com If you do not want to received t=
his newsletter, or if you want to make some comments or suggestions, pleas=
e send us a reply message [IMAGE] Advertise with Us ! [IMAGE] [IM=
AGE] [IMAGE] Click for a copyVenezuelanHydrocarbons Law Draft for co=
mmentaries to the draft: revision @leydehidrocarburos.gov.ve The secretary=
of the committee evaluating the draft is Joaquin Parra Director at MEM =
Telephone: 507 5222 Fax: 575 2964 E-mail: japarra@mem.com.ve From t=
he Editor Welcome to our weekly newsletterpetroleumworld.com Weekly Re=
view Just to remind you about the best in Venezuela's Petroleumworld.c=
om Our Portal Site changes its information at least twice a day usuall=
y around 12:00-15:00 hrs. and 22:00-24:00 GMT PreviousNewsletters [=
IMAGE] [IMAGE] Alianza Empresarial Petrolera To promote & develop =
the Venezuelan industry in the petroleum sector [IMAGE] The Vene=
zuelan- Canadian Chamber of Commerce [IMAGE] Venezuela's Executive As=
sociation More informationon AVE Letters If you have anything in yo=
ur mind about the oil business let us know about it letters are welcom=
e editor@petroleumworld.com Tips... From our Friends [IMAGE] Offers=
reduced mileage award levels for travel Story [IMAGE] Security week a=
t Petrozuata [IMAGE] Firefighters training at Petrozuata Jose PETROLEU=
MWORLD Caracas, Aug. 19 Story [IMAGE] [IMAGE] Venezuela's promote=
r of oil products & services for export www.veprox.com [IMAGE] Check =
out The New Services [IMAGE] US Energy Plan [IMAGE] [IMAGE] =
[IMAGE] PricewaterhouseCoopers Venezuela Briefing The abc of the=
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a LE PETIT BISTROT THE JACQUES French Bistrot Caracas Reservations:=
266 0321/ 263 8695 Happy Hour 5-8 PM /M-F And Le BISTROT Express a culi=
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RE TECHNOLOGY 2001 Aberdeen 5-6 September 2001 AL-INVEST BUSINESS MEETIN=
GS OFFSHORE EUROPE 2001 Equipment and services Information: www.latag.c=
om or www.camarapetrolera.org North American Natural Gas Forum Supp=
ly and Distribution: Challenges & Opportunities Clark Smith, President=
, El Paso North America Keith Meyer, Vice President of Marketing, CMS=
Panhandle Pipelines Company J. Mike Stice, President, Conoco Gas and =
Power Marketing Mike Johnson, President Conoco Natural Gas and Gas Prod=
ucts Luis E. Giusti,Senior Advisor,CSIS and Director, Royal Dutch Shel=
l 19 & 20 September 2001 Washington DC,USA www.thecwcgroup.com [IMA=
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