Venezuela announces plans to split PDVSA

摘要

Preliminary plans have been announced by Venezuela's government to take the state-owned oil company-PDVSA-and break it in two. The restructuring would "decentralize" the company and reduce "exorbitant bureaucratic costs," according to the nation's energy minister. But political observers say it is a move to end a months-long strike aimed at ousting President Hugo Chavez from power.