Investor uncertainties persist despite new foreign oil policy

摘要

Venezuelan President Hugo Chavez was voted into office in December 1998 on a campaign promise to curtail the power and patronage of the country's huge state oil company, Petroleos de Venezuela (PdVSA), and to reform the country's fragile relationship wit hits Opec partners. However, despite changes to oil policy aimed at promoting foreign investment, many western companies remian wary, writes Maria Kielmas.