RICHMOND EXPLORATION COMPANY RICHMOND PERTOLEUM CO, OF COLOMBIA MONTHLY REPORT MAY---1953

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R000700250001-6
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: November 9, 2016
• Document Release Date: January 25, 1999
• Sequence Number: 1
• Publication Date: May 1, 1953
• Content Type: REPORT

Sanitized - Approved For Release : CIA RDP83-00421ROOO @
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RICHMOND EXPLORATION COMPANY
RICHMOND PETROLEUM CO. OF COLOMBIA
MONTHLY REPORT
MAY - 1953
25X1A9a
VENEZUELA GENERAL
Maracaibo Bar Project
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The formal agreement between the Venezuelan Government and the Oil
Companies covering the subscription of bonds for the Maracaibo Bar Project was
signed May 30.
1,741,500 barrels daily
1,740,000 n ti
The country's political situation has been extremely quiet here of
late and no political meetings of any sort have taken place. Activities of the
rebel bands also continue to diminish.
Venezuelan Petroleum Production
Week ending May 25
Month of May (approximate)
COLOMBIA GENERAL
In the latter part of May, General Rojas Pinillas, Acting Commander
of the Colombian Army, high ranking officers of the Armed Forces and representatives
from every unit of the Army gave a banquet in honor of Acting President Dr. Urdaneta
Arbelaez, which was attended by top government officials, the Diplomatic corps and
prominent Conservative politicians. General Rojas Pinillas took advantage of the
occasion to make a speech during which he made emphasis on the government's outstand-
ing achievements. Much importance has been attached to the political significance
of this banquet.
On May 26, the Government announced the forthcoming constitution of a
new Cabinet, as follows:
Minister of Government, Doctor Rafael Azuero
Minister of Foreign Relations, Doctor Guillermo Leon Valencia
Minister of Justice, Doctor Antonio Escobar Gamargo
Minister of Finance, Doctor Antonio Alvarez Restrepo
Minister of War, Doctor Lucio Pabon Nunez
Minister of Agriculture, Doctor Camilo Vasquez Carrizosa
Minister of Labor, Doctor Raimundo Emiliani Roman
Minister of Public Health, Doctor Alfonso Tarazona
Minister of Industrial Promotion (Fomento), Mr. Carlos Villaveces R.
Minister of Mines and Petroleum, Doctor Pedro Nel Rueda Uribe
Minister of National Education, Doctor Jesus Estrada Monsalve
Minister of Public Works, Doctor Jorge Leyva
Minister of Co mm unicat..ons,I~Iogq'or Carlos Alborn z
CC 'i
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Sanitized - Approved For Release : CIA-RDP83-00423R000700250001-6
 Sanitized - Approved For Release : CIA-RDP83-00423R000700250001-6
PERSONNEL STRENGTH
Venezuela
Dollar
Monthly
Daily
Total
May 31, 1953
70
254
223
547
Colombia
May 31, 1953
3
19
34
56
OUTSIDE ACTIVITIES
Western Venezuela
Active in Western Venezuela during the month of May were 18 explora-
tory rigs, 6 reflection seismograph, 1 gravity, and 11 surface geological
parties.
Eastern Venezuela
Active in Eastern Venezuela were 67 exploratory rigs, 13 surface,
11 seismic, and 1 structure drill party plus 2 gravity parties.
Colombia
Active in Colombia during May were 23 exploratory rigs and 6 surface,
5 seismic, and 2 gravity parties.
Sanitized - Approved For Release : CIA-RDP83-00423R000700250001-6