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
- Orlen sought to buy Venezuelan oil despite sanctions.
- Individuals led a previous PNM government approach, highlighting structural interdependence between resources involving PDVSA and Trinidad and Tobago.
- AEC is seeking upstream investment in Venezuela and deepening its strategic partnership with the country.
- PDVSA operates within the Venezuelan state structure.
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
Coverage
Newest first; wire copies grouped- energyandcapital.com
- nhgazette.comKidnapping Maduro: Narco-fiction as Narrative Management - The New Hampshire Gazette