Chavez To Take Control Of Orinoco Oil Projects
Currently, Exxon Mobil Corp., Chevron Corp., BP Plc., ConocoPhillips Co., Total SA and Statoil ASA have a majority stake in the Orinoco projects, while the country’s state oil company, Petroleos de Venezuela SA (PDVSA), has a minority stake.
However, Chavez said PDVSA soon would have no less than a 60% stake...
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