Venezuela's opposition presidential candidate Henrique Capriles Radonski says he will retain the present Hugo Chavez government's core energy policies if he wins the 7 October election. But he aims to roll back the Chavez administration's oil project nationalisations. State-owned oil firm PdV and its joint-venture foreign partners will still develop 6mn b/d of crude production capacity by the end of 2018, according to Capriles Radonski's official programme of government, filed with the CNE electoral authority. Almost all of PdV's planned 3mn b/d capacity rise will come from the Orinoco heavy oil belt, which is central to its $252bn capital expenditure (capex) plans to the end of 2018.
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