Venezuela Hatching Big Plans For Jump-Starting Natural Gas Sectorl

The aggressive development of Venezuela`s huge natural gas resources is one of the highest priority objectives of the new administration of Hugo Rafael Chávez Frias.During the electoral campaign of 1998 and at every opportunity since his government has taken office this year, Chávez has insisted that he will do everything necessary to facilitate the growth of the gas, petrochemical, electricity, mining, agriculture, and tourism sectors. So it was no surprise that, on June 17, Alí Rodríguez Araque, the new Minister of Energy & Mines (MEM) announced that Petroleos de Venezuela SA`s (Pdvsa) new business plan for 2000-09 envisages Venezuelan gas production at rough...

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