PDVSA's credibility push bumps up against lingering concerns over more political unrest

12/22/2003
Petroleos de Venezuela SA, Venezuela's state-run oil company, has embarked on an aggressive campaign to restore its credibility in the eyes of the world.After suffering a debilitating strike that saw an almost complete shutdown of its operations a year ago and that resulted in the loss of nearly half of its employees, the state firm insists it has all but fully recovered. The strike was the culmination of growing opposition to Venezuelan President Hugo Chávez's efforts to impose a new leadership at the state company that would be friendlier to his regime. The strike started in the oil sector but spread throughout much of the country's business and professional classes. Th...
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