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Chavez Government Announces Plans To Split PDVSA Into East And West Components

Venezuelan Energy Minister Rafael Ramirez announced on 7 January that the Government of President Hugo Chavez had approved a plan to restructure the state-owned oil company PDVSA by dividing it into two entities: PDVSA East and PDVSA West. He also said that a new board possessing a more strategic vision would soon be appointed. The move is seen as an effort to break a general strike...