International Politics

Local businessmen accuse President Hugo Chávez of retaliating against companies and individuals at PDVSA who participated in last year’s strikes. President Lucio Gutierrez’s regime is ready to re-open bidding on four blocks in southwestern Ecuador. Officials are very concerned about Argentina’s oil production. Brazil’s oil industry hopes to participate in Mexican tenders. And a Pluspetrol-led group will invest about $650 million in four producing wells and two injectors in the San Martin and Cashiriari structures by the time the giant Camisea gas project goes onstream next August.

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