VENEZUELAN POLITICAL DEBATE FOCUSES ON PDVSA

Another political firestorm has flared over Venezuelan petroleum sector investment. Statements by Venezuela's President Carlos Andres Perez have embarrassed state oil company Petroleos de Venezuela SA (Pdvsa) and provoked anew political debate over oil affairs in Venezuela. Commenting on Pdvsa's overseas interests, Perez said he ordered the state oil company to sell part of its shares in Citgo Petroleum Corp., Tulsa, and Ruhr Oel GmbH, a joint venture with Veba Oel AG, Gelsenkirchen.

Sep 14th, 1992
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