Pdvsa worries

Patrick Crow Washington, D.C. patc@ogjonline.com Concern is rising in Venezuela that the new government of President Hugo Chávez is interfering too much in the management of Petroleos de Venezuela SA (Pdvsa). Since taking office last February, Chávez has named three persons with limited oil industry experience to the Pdvsa board and has assigned all but two board officers to line responsibilities within the oil company, one of the world's largest. Eyebrows also were raised when the government named an army officer with limited experience to be Pdvsa's chief financial officer and a former oil industry employee with no senior management exper...

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