VENEZUELA POSITIONING ITSELF TO TAKE KEY MARKET ROLE IN WAKE OF GULF WAR

Venezuela continues efforts to position itself in world markets to capitalize on fallout from the Persian Gulf war. The central government and state oil company Petroleos de Venezuela SA have accelerated already ambitious plans to expand activities in upstream and downstream oil and gas sectors (OGJ, Jan. 14, p. 35). Pdvsa has sharply increased its 1991-96 investment program from the level planned at the end of last year. The goal is to put Venezuela on a par with major Persian Gulf oil

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