NEW GOVERNMENT RULES CLOUD PDVSA OUTLOOK

Ambitious expansion plans by Venezuela's state oil company may have suffered a major setback because of an internal political squabble. Venezuela's Ministry of Energy and Mines late last month issued an order that placed a set of new controls on the operating activities of state owned Petroleos de Venezuela SA (OGJ, Aug. 26, p. 34). That has raised a cloud over efforts by Pdvsa to position Venezuela to take advantage of changes in world oil markets in the wake of the Persian Gulf crisis.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home