Pequiven aims for recovery after glum 1998

Petroquímica de Venezuela SA (Pequiven) has outlined a plan to reverse its poor performance record in 1998.Pequiven suffered a net loss of $65 million last year. But the petrochemical subsidiary of Venezuelan state oil firm Petroleos de Venezuela SA was given new growth goals under Pdvsa`s revised 10-year business plan (OGJ, June 28, 1999, Newsletter).By 2008, the company aims to raise overall output to 22.8 million metric tons/year, global sales to $4.5 billion, and exports to $2.6 billion. This will require an investment of $8.4 billion, said Pequiven Pres. Eduardo Praselj.A difficult yearThe Pequiven chief described 1998 as "a particularly difficult" year for the global petroche...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected