PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.
2 reports, 2 independent
Updated Sep 4
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What happened
PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.PDVSA asserts control over oil projects previously held by major foreign oil companies.1 source
Chávez restructured the oil industry under PDVSA, forcing foreign oil firms into minority partnerships.1 source
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The entities involved
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Mobil
former American oil company
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PDVSA
Venezuelan government-owned oil company
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Hugo Chávez
Venezuelan politician, 56th president of Venezuela (1954–2013)
Nothing else this week.
Related events
- Chevron committed capital to double Venezuelan oil output through agreements with PDVSA.
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
- PCEC and Chevron signed agreements with PDVSA to reactivate oilfields in the Cabimas block of Venezuela.
- Oil revenue generated by PDVSA funds national imports and budget.
- Ricardo Gómez coordinates the sale of Venezuela's hydrocarbons as PDVSA seeks an energy partnership with Africa.
Coverage
Newest first; wire copies grouped- energyandcapital.com
- nhgazette.comKidnapping Maduro: Narco-fiction as Narrative Management - The New Hampshire Gazette