VOL. XXXIII

NO. 26

2-APRIL-1990

OPEC

Venezuela Invites Foreign Investments in Petroleum Sector

Following in the footsteps of Iraq and Iran, Venezuela has also expressedinterest in inviting foreign firms to invest in its petroleum industry.According to Mr. Andres Sosa Pietri, the new President of the state-owned PDVSA,the company will "accelerate and expand a program of joint ventures toconvert Venezuela into a petrochemical world power. We are also expandingexploration and drilling, because we see...