  |
|
Workers warn may take Venezuela Orinoco oil units
Reuters
CARACAS
Petroleumworld.com 01 30 06Venezuelan oil unions warned on Monday they could take over Orinoco heavy crude installations amid a nationalization push by President Hugo Chavez that they complained the private sector was resisting.
Chavez has promised Venezuela will take a majority stake in the four projects, joint ventures between state oil company PDVSA and multinational oil companies, in a broad nationalization push Chavez calls the latest step in his socialist revolution.
A group of unions publicly backed Chavez's efforts to take over the four projects, which produce up to around 600,000 barrels per day of synthetic crude, complaining that Exxon Mobil (XOM.N: Quote, Profile , Research) is resisting the changes.
"We are on maximum alert and if necessary will take control of these operations and management of this company to put it truly at the service of the revolution and society," said a statement signed by five oil unions printed by a local newspaper.
Reuters 29 01 07
Copyright© 1999 Reuters. All Rights Reserved.
Your
feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com
Any
question or suggestions, please write to:
editor@petroleumworld.com
Best
Viewed with IE
5.01+
Windows
NT 4.0, '95, '98 and ME +/ 800x600 pixels