OGJ NEWSLETTER

Privatization continues to gather momentum in the world petroleum industry. Pdvsa's privatization program remains on track despite political heat. The Venezuelan state oil company Nov. 16 will begin a new round of seeking international bids to operate marginal oil fields. In June, four private companies/combines won the right to operate marginal inactive oil fields in Venezuela (OGJ, June 29, p. 40), the first time private companies have been allowed to produce oil there since

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