February 2003

Trends and Resources

HP Impact: Venezuela announces plans to split PDVSA

Preliminary plans have been announced by Venezuela's government to take the state-owned oil company - PDVSA - and break it in two. The restructuring would "decentralize" the company and..

Weirauch, Wendy, Hydrocarbon Processing Staff

Preliminary plans have been announced by Venezuela's government to take the state-owned oil company - PDVSA - and break it in two. The restructuring would "decentralize" the company and reduce "exorbitant bureaucratic costs," according to the nation's energy minister. But political observers say it is a move to end a months-long strike aimed at ousting President Hugo Chavez from power.  Fig. 5   The U.S. imports about 14% of its

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