PDVSA reassures US investors about its supplier role

Top executives from state-owned Petróleos de Venezuela SA (PDVSA) came to New York May 19 looking to reassure nervous US investors that the company takes its role as a key short-haul supplier to US markets very seriously."The US is definitely the main destination of our oil production," PDVSA Pres. Alí Rodríguez Araque said to the Venezuelan American Association at a lunch at the Harvard Club in New York. "The US is the biggest consumer of oil in the Western Hemisphere, and Venezuela is the biggest and most reliable producer of oil. We are very close and very interdependent neighbors. So we need to work permanently to strengthen our energy partnership."To that end, Rodr...

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