VENEZUELAN REFORMS FAVOR OIL WORK

Government actions cut Pdvsa's tax bite, improve climate for foreign investment in petroleum sector. Outgoing Pdvsa Pres. Chacin sees need for more economic reforms. Clash over Orimulsion highlights business and government conflict. Venezuela's government has begun a series of reforms designed to boost economic prospects for the country's petroleum sector. In addition to improving the economic situation for state oil company Petroleos de Venezuela SA (Pdvsa), the reforms aim to

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