PLANS TO REVIVE OIL FIELDS IN VENEZUELA ON TRACK

The three operating units of Venezuela's state owned oil company Petroleos de Venezuela SA will begin receiving bids Feb. 28 from companies interested in operating 55 inactive oil fields in nine producing areas of Venezuela. Francisco Pradas, Pdvsa executive in charge of the program, said the company expects 88 companies or combines of foreign and domestic private companies to participate in the bidding.

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