PDVSA workers oppose takeover of PDVSA by Chávez

A panel of former executive and technical employees of Petroleos de Venezuela SA (PDVSA) said Jan. 10 they were struggling to prevent Venezuelan President Hugo Chávez from taking over the state-owned oil company to "gain control of Venezuela's economy."PDVSA generates more than 50% of the revenue received by the Venezuelan government and accounts for 20% of Venezuela's gross national product, said Luis Pacheco, an engineer and planning director at PDVSA before being named president of PDVSA's US operations late last year (OGJ Online, Sept. 23, 2002).In a US telephone conference call Jan. 10, he and other former PDVSA officials claimed Chávez's administration face...

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