Venezuela studies creation of new gas company

Sep 12, 2001 02:00 AM

The Venezuelan Energy ministry has confirmed that it is studying the creation of a new gas company to replace PdVSA Gas. PdVSA Gas in two years, has gone from being a division to a subsidiary to a company in its own right.
Any new firm or amended PdVSA Gas would have the task of developing the natural gas sector. Within PdVSA there is certain confusion about how to set about consolidating a position as a major energy corporation without a gas business.

Source: Petroleumworld
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