Abstract

Thirteen percent of the world's total oil production came from the eleven producing countries of the Latin America-Caribbean region. More than three-fourths of the 1967 total of 1,653,216,000 barrels was supplied by Venezuela, which experienced a production increase of 5.1 percent over the previous year. Exploration activity changed little from the previous year; however, surface geologic parties decreased 15 percent, and seismic surveys increased 14 percent. Reports on the individual countries of the region are presented by authorities on each of the areas.

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