This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Venezuela planea crear una nueva empresa estatal petroquímica
Venezuela plans to create a new State-owned petrochemical company
16/12/2004
on December 16, 2004
Venezuela plans to remove the petrochemicals arm of the State Venezuela petroleum (PDVSA) to create an independent company that will help to stimulate investment, as stated by the President of PDVSA, Rafael Ramírez.
"We are preparing all legal studies to give birth and sustaining this Petrochemical Corporation - reported Ramírez, who also is Minister of energy, and thus generate more opportunities and more flexible investment in petrochemical projects separating the Venezuela petrochemical (Pequiven) of PDVSA."
The work required to create the new company will be completed in 2005.
