National oil company finances should be in the rudest of health after two years of strong oil prices,but that's not how things look in Venezuela.There,state Petroleos de Venezuela (PDV) is being pulled in two directions - on one hand,expected to contribute ever-growing amounts of its revenues to the social programs of Venezuelan President Hugo Chavez,and on the other trying to fund an ambitious 77 billion capital expenditure plan aimed at raising oil output to 5.8 million barrels per day by 2012 from a current level of around 2.5 million b/d.
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