Fuel Distribution to Be Nationalized

Por Venezuela Real - 28 de Agosto, 2008, 16:27, Categoría: Prensa Internacional

Washington Post
 August 28, 2008

Venezuelan President Hugo Chavez said that wholesale gasoline sales by private companies in Venezuela will soon disappear after his congressional allies pass a bill nationalizing the business.

Under the measure, which received initial approval in the National Assembly on Wednesday, state-run oil company PDVSA will control Venezuela's fuel distribution network but will not nationalize privately owned gas stations.

Dominated by Chavez allies, the National Assembly is expected to give its final approval to the legislation later this week.





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