Pdvsa to shift focus to gas, downstream

Petroleos de Venezuela SA is expected to see a shift in corporate focus as it tries to carve out a larger niche in the refined products market and develop its ample natural gas reserves. Venezuelan Energy and Mines Minister Alí Rodríguez told a congressional hearing in Caracas late last month that the government of President Hugo Chávez is looking for investments in all areas of the downstream sector. "We want oil to account for...the lion's share of exports and products the balance," he said. Downstream push A Pdvsa official told OGJ that Rodríguez has already accepted a proposal from Pdvsa that would allow a private partner to invest i...

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