In spite of continued political uncertainty in Caracas, where Venezuelan president Hugo Chavez faces renewed calls for a recall referendum, PDVSA says its business plan is on track.
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PDVSA Works Against All the Odds
In spite of continued political uncertainty in Caracas, where Venezuelan president Hugo Chavez..
Venezuela's state oil company Petroleos de Venezuela (PDVSA) is likely to invest $26 billion in oil and gas exploration and production, as part of the company?s 2004-2009 programs.
The company's total business plan calls for $37 billion investment through 2009. Earlier the company reported that it will put up $27 billion of the investment, with third parties providing the remaining US$10bn.
In spite of continued political uncertainty in Caracas, where Venezuelan president Hugo Chavez faces renewed calls for a recall referendum, PDVSA says its business plan is on track.
In spite of continued political uncertainty in Caracas, where Venezuelan president Hugo Chavez faces renewed calls for a recall referendum, PDVSA says its business plan is on track.
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